13 Feb 2015
AUD/JPY: Choppy on reported BoJ comments over QE
FXStreet (Guatemala) - AUD/JPY is currently settled down supported on 92.00 at 92.26 of time of writing.
AUD/JPY has been a choppy affair since the heavy sell off in yesterday's performance in Asia on the back of the dismal Aussie jobs data. That move from a touch above the 93 handle was extended down through 92.20 in London when the BoJ was reportedly concerned about the weakness of the Yen and how this will be impacting the domestic market and consumers.
This has all been said before, but a report from Bloomberg actually told markets from Japanese sources that the BoJ are "reluctant to increase QE". The report sent the Yen lower vs the greenback by over 150 pips and back into less bullish territory in USD/JPY. The cross nose dived to 91.26 as a result and has been a chop ever since between 91.50 in the main and 92.20.
AUD/JPY has been a choppy affair since the heavy sell off in yesterday's performance in Asia on the back of the dismal Aussie jobs data. That move from a touch above the 93 handle was extended down through 92.20 in London when the BoJ was reportedly concerned about the weakness of the Yen and how this will be impacting the domestic market and consumers.
This has all been said before, but a report from Bloomberg actually told markets from Japanese sources that the BoJ are "reluctant to increase QE". The report sent the Yen lower vs the greenback by over 150 pips and back into less bullish territory in USD/JPY. The cross nose dived to 91.26 as a result and has been a chop ever since between 91.50 in the main and 92.20.