• USD/JPY is testing 84.00

Market news

20 December 2012

USD/JPY is testing 84.00

 

 

USD/JPY fell on Thursday after falling from the highs of 84.60 yesterday. The pair remains in negative territory amid unexpected growth yen. Now the pair is testing the 84.00 mark.

USD/JPY came under pressure and hit a low 83.86, after the Bank of Japan decided to expand the asset purchase program to ¥ 10 trillion. to ¥ 76 trillion., as expected.

Also important is the fact that the Central Bank "to examine" the probability of changing the inflation target at the next meeting in favor of the new prime minister Abe.


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.