19 Dec 2014
USD/JPY taking back the 119 handle
FXStreet (Barcelona) - USD/JPY is trading at 118.96, up 0.14% on the day, having posted a daily high at 119.11 and low at 118.75.
USD/JPY has achieved the 119 handle as the Tokyo shift gets going. The pair was initially offered in the open but bulls are taking charge again and the better risk environment is taking the Yen down with it.
We now are trading ahead of the BoJ decision. That is not likely to give us anything than a no change although the accompany rhetoric from the BoJ will be noted within the statement and as will the following press conference by Governor Kuroda while we will be listening out for any mention of the value of the Yen and oil prices.
USD/JPY has achieved the 119 handle as the Tokyo shift gets going. The pair was initially offered in the open but bulls are taking charge again and the better risk environment is taking the Yen down with it.
We now are trading ahead of the BoJ decision. That is not likely to give us anything than a no change although the accompany rhetoric from the BoJ will be noted within the statement and as will the following press conference by Governor Kuroda while we will be listening out for any mention of the value of the Yen and oil prices.