12 Feb 2015
Declining Yen bad for consumer sentiment – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team shares that BoJ’s comments against additional stimulus and the weakening Yen led USD/JPY to fall below the 120 handle.
Key Quotes
“The USD/JPY fell from the 120 level after BoJ reiterated that it saw any extra stimulus measure at this time as counterproductive. It added that consumer sentiment would hurt by further JPY currency (yen) decline.”
“The pair was off its worst level as risk appetite recovered after a cease-fire agreement was achieved in Ukraine.”
Key Quotes
“The USD/JPY fell from the 120 level after BoJ reiterated that it saw any extra stimulus measure at this time as counterproductive. It added that consumer sentiment would hurt by further JPY currency (yen) decline.”
“The pair was off its worst level as risk appetite recovered after a cease-fire agreement was achieved in Ukraine.”