Flash: USD/JPY rising back towards the 100.00-level - BTMU

FXstreet.com (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that the US dollar has continued to strengthen in the Asian trading session with USD/JPY rising back to within touching distance of the psychologically important 100.00-level.

Key Quotes

“The Japanese equity market has outperformed overnight alongside the weakening yen with the Nikkei 225 rising by over 2.0%.”

“The US dollar is deriving support from building investor expectations that the Fed may begin to taper QE at the December or January FOMC meetings given the resilience of the US economy and labour market displayed so far to the recent government shutdown and debt ceiling uncertainty.”

EUR/GBP jumps on soft UK data

Having traded in a close to 20 pip range overnight and into this morning, EUR/GBP has pushed higher on softer than expected UK data, posting a high at 0.8438, before declining to where it is currently trading at 0.8425
Devamını oku Previous

GBP/USD breached 1.5900 on data

The sterling is now rapidly depreciating against the greenback, dragging the GBP/USD to fresh lows near 1.5850....
Devamını oku Next