Flash: Keep short of Yen ? - BTMU

FXstreet.com (London) - Lee Hardman, strategist at The Bank of Tokyo-Mitsubishi UFJ notes the JPY as the under performer, but can the USD/JPY continue on the bid for much longer?

Key Quotes:

“USD/JPY is the notable under-performer so far today in Asia but with Japan closed for a holiday there were no specific Japan factors behind this move”.

“Risk appetite is certainly conducive to a pick-up in yen selling although the FOMC decision last week has resulted in an obvious removal of short-term yield support for the dollar and this will certainly limit the upside for the dollar versus the yen for now”.