19 Dec 2014
USD/JPY edging lower in Tokyo
FXStreet (Guatemala) - USD/JPY is trading at 118.92, up 0.12% on the day, having posted a daily high at 119.09 and low at 118.75.
USD/JPY is down on the open of Tokyo, but not “that down” and up on the day, with a benign open in the Nikkei. The major has been below the 119 handle for the most part as the Yen gets a little ground back on the dollar but the overall theme remains with “risk-on” as we approach the closing sessions of 2014 and despite the global tension around the EM’s.
The FOMC has been the sucker punch for the Yen, of course, and now we are lined up for a non event from the BoJ interest rate decision but remaining on full alert for what might come out of the statement and The press conference by Governor Kuroda listening out for any mention of the value of the Yen and oil prices.
USD/JPY is down on the open of Tokyo, but not “that down” and up on the day, with a benign open in the Nikkei. The major has been below the 119 handle for the most part as the Yen gets a little ground back on the dollar but the overall theme remains with “risk-on” as we approach the closing sessions of 2014 and despite the global tension around the EM’s.
The FOMC has been the sucker punch for the Yen, of course, and now we are lined up for a non event from the BoJ interest rate decision but remaining on full alert for what might come out of the statement and The press conference by Governor Kuroda listening out for any mention of the value of the Yen and oil prices.