8 Apr 2014
JPY remains strong - BTMU
FXStreet (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, underlines the bid tone of the JPY.
Key Quotes
"The yen has continued to strengthen modestly in the Asian trading session with USD/JPY holding just below the 103.00-level. The yen has strengthened modestly following the release of the slightly weaker than expected US employment report for March."
"The yen has derived support from more risk-averse trading conditions in the near-term. A sell off in US tech equities is garnering broader market attention with the NASDAQ composite index having declined by around 5% since late last week leaving it around 7% below its recent peak from early March."
Key Quotes
"The yen has continued to strengthen modestly in the Asian trading session with USD/JPY holding just below the 103.00-level. The yen has strengthened modestly following the release of the slightly weaker than expected US employment report for March."
"The yen has derived support from more risk-averse trading conditions in the near-term. A sell off in US tech equities is garnering broader market attention with the NASDAQ composite index having declined by around 5% since late last week leaving it around 7% below its recent peak from early March."