22 Dec 2014
USD/JPY at last week’s highs looking better bid
FXStreet (Guatemala) - USD/JPY climbed to the highest levels in over week by the time of the close of US trade on Friday.
The pair has been lifted on better risk sentiment with rates in the US to remain on hold until at least the first quarter. This coupled with Abe’s recent victory and his policies that are likely to be unfriendly for the Yen in the near term, the pair has been encroaching back towards levels in the 120’s again while remaining above the Ichimoku baseline at 118.65.
We are entering thinner markets here with the last few days ahead of Christmas while Japan is out for the emperor's birthday today, we will need to await European and US markets to dictate trade at the start of the week. A number of data release have been brought forward, and we will kick off with Durable Goods and annualized GDP from the US tomorrow.
The pair has been lifted on better risk sentiment with rates in the US to remain on hold until at least the first quarter. This coupled with Abe’s recent victory and his policies that are likely to be unfriendly for the Yen in the near term, the pair has been encroaching back towards levels in the 120’s again while remaining above the Ichimoku baseline at 118.65.
We are entering thinner markets here with the last few days ahead of Christmas while Japan is out for the emperor's birthday today, we will need to await European and US markets to dictate trade at the start of the week. A number of data release have been brought forward, and we will kick off with Durable Goods and annualized GDP from the US tomorrow.