12 Nov 2013
Flash: USD/JPY rising back towards the 100.00-level - BTMU
FXstreet.com (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that the US dollar has continued to strengthen in the Asian trading session with USD/JPY rising back to within touching distance of the psychologically important 100.00-level.
Key Quotes
“The Japanese equity market has outperformed overnight alongside the weakening yen with the Nikkei 225 rising by over 2.0%.”
“The US dollar is deriving support from building investor expectations that the Fed may begin to taper QE at the December or January FOMC meetings given the resilience of the US economy and labour market displayed so far to the recent government shutdown and debt ceiling uncertainty.”
Key Quotes
“The Japanese equity market has outperformed overnight alongside the weakening yen with the Nikkei 225 rising by over 2.0%.”
“The US dollar is deriving support from building investor expectations that the Fed may begin to taper QE at the December or January FOMC meetings given the resilience of the US economy and labour market displayed so far to the recent government shutdown and debt ceiling uncertainty.”