• USD/JPY hit a low of 83.31 due to the closing of short positions

Market news

14 December 2012

USD/JPY hit a low of 83.31 due to the closing of short positions

 

 

Investors use the weak value of the consumer price index (CPI) for the partial closure of the U.S. short positions in the Japanese yen, which made the dollar into negative territory against the Japanese currency.

The market opened an excessive amount of long positions in the pair dollar / yen in Japan before the election, scheduled for Sunday. Expected to come to power a political party, intentional conduct active easing of monetary policy, so there is a partial closing of short positions on the yen.



 

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.