USD / JPY has crossed Y90.00, despite the statements of the Bank for International Settlements

Market news

24 January 2013

USD / JPY has crossed Y90.00, despite the statements of the Bank for International Settlements

The growth of the USD / JPY was caused by a number of representatives of Japan's comments, including the statement that "USD / JPY at Y100 does not cause concern," which brought the price to around Y90 during the New York session.

Also today, there were reports that the head of the Bank for International Settlements Karuna said that aggressive easing taking place in recent years, it becomes counterproductive, and that the Central Bank is under too much pressure from governments that want to first stimulate growth and impaired the currency.

Currently the pair is trading in Y90.00/05, 1.6% higher than the opening price.

European stocks closed in plus: FTSE 100 6,264.91 +67.27 +1.09%, CAC 40 3,752.17 +26.00 +0.70%, DAX 7,748.13 +40.59 +0.53%

Gold fell to one-week low

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