9 Jan 2015
USD/JPY: Down but remains on bullish grounds
FXStreet (Guatemala) - USD/JPY is currently trading 118.60 with a high of 119.89 and a low of 118.42 on the day, down - 0.85%.
USD/JPY lost the 119 handle in a move that took the pair down by over a cent on the back of disappointments to wage growth within the Nonfarm Payrolls data an Fed members talking.
Fed President Lockhart repeated that he sees rate hike midyear or later while Lacker said that he cannot tell when or how quick Fed will rise but signalled that there is not going to be a hurry to do so while he see's inflation moving "tolerably" close to the 2% target. The Greenback has been sold off across the board but remains within recent ranges and until it loses the Yen below 118.00, the market remains with a bullish bias on the basis that the Fed are likely to raise rates.
USD/JPY lost the 119 handle in a move that took the pair down by over a cent on the back of disappointments to wage growth within the Nonfarm Payrolls data an Fed members talking.
Fed President Lockhart repeated that he sees rate hike midyear or later while Lacker said that he cannot tell when or how quick Fed will rise but signalled that there is not going to be a hurry to do so while he see's inflation moving "tolerably" close to the 2% target. The Greenback has been sold off across the board but remains within recent ranges and until it loses the Yen below 118.00, the market remains with a bullish bias on the basis that the Fed are likely to raise rates.