17 Feb 2015
USD/JPY: Offered within channel; eyes await BoJ
FXStreet (Guatemala) - USD/JPY is currently trading at 118.40 with high of 118.54 and a low of 118.36.
USD/JPY has opened in Tokyo on the offer on a session that follows a European lead day that did not amount to much in the way of progress between Greece and the Eurogroup who didn't come even close to making a deal and left the euro a cent lower. The Yen was somewhat displaced within a tight range and spike to the topside and to the downside.
Meanwhile, this week now turns to other events and more local. BoJ are due tomorrow and although unlikely to move, the BoJ Governor Kuroda's press conference will be key while his view on the inflation outlook, JGB market volatility, and the currency rate is of great interest.
USD/JPY has opened in Tokyo on the offer on a session that follows a European lead day that did not amount to much in the way of progress between Greece and the Eurogroup who didn't come even close to making a deal and left the euro a cent lower. The Yen was somewhat displaced within a tight range and spike to the topside and to the downside.
Meanwhile, this week now turns to other events and more local. BoJ are due tomorrow and although unlikely to move, the BoJ Governor Kuroda's press conference will be key while his view on the inflation outlook, JGB market volatility, and the currency rate is of great interest.