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12 Dec 2014
USD/JPY has dipped below the 19 handle
FXStreet (Guatemala) - USD/JPY is trading at 118.93, down -0.12% on the day, having posted a daily high at 119.13 and low at 118.61.
USD/JPY was steady on the open of Tokyo but has dipped below the 119 handle. The European and US session over night took the pair off the lows in demand for the greenback again. The catalyst was the ECB disappointing by injecting less liquidity into the economy than anticipated and then coupled with a strong performance in US data.
Meanwhile, the hours are ticking by towards the elections this weekend and we have had the Governor of the BoJ, Kuroda, speaking earlier to a forum of economists in Tokyo explaining that the economy will be heading towards the inflation target of 2% in 2015.
USD/JPY was steady on the open of Tokyo but has dipped below the 119 handle. The European and US session over night took the pair off the lows in demand for the greenback again. The catalyst was the ECB disappointing by injecting less liquidity into the economy than anticipated and then coupled with a strong performance in US data.
Meanwhile, the hours are ticking by towards the elections this weekend and we have had the Governor of the BoJ, Kuroda, speaking earlier to a forum of economists in Tokyo explaining that the economy will be heading towards the inflation target of 2% in 2015.