USD/JPY holds higher

Market news

14 December 2010

USD/JPY holds higher

Firmer US yields post-FOMC allow USD/JPY to etch a marginal fresh high for the day atop Y83.65 with flows still on the modest side as befits the pre-holiday session. Offers remain in place ahead of Y84.00 area, likely to provide a hurdle along with tech resistance nearby.

Dow +57.52 at 11486.08, Nasdaq +6.78 at 2631.69, S&P +2.95 at 1243.41

CS says FOMC statement recommitted to QE2 but said it will review the program.

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