RBA Stevens: Unlikely to be raising rates any time soon

RBA Governor Glenn Stevens is still making comments, noting that it is unlikely the RBA will be raising rates any time soon, adding that the Central Bank has a bias toward easing at the moment.

USD/JPY top formed and eyes 106.00 territory

USD/JPY has dropped in the Tokyo opening hour and is testing the 20 dma on the hourly time frame. The recent price action has been one of recovery after the Yen rallied to 110.98 vs the greenback on broad weakness in the US dollar and a flight to safety in the Yen keeping the bid theme alive.
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