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2 Jan 2015
USD/JPY ratchets above psychological 120 barrier – AceTrader
FXStreet (Barcelona) - The AceTrader Team notes that the greenback ratcheted higher on renewed risk appetite in Asian morning on the 1st trading day of 2015 today, sending the USD/JPY above the 120 psychological barrier.
Key Quotes
“Crude oil prices rose earlier to $55.11 per barrel on news of a larger-than-expected fall in U.S. crude inventory and a fire at a major U.S. supply facility.”
“Intra-day rise gathered momentum after penetrating the psychological res at 120.00. Bids are now located at 120.10-00 and more at 119.80. On the upside, some offers are tipped at 120.45/50 and more at 120.80.”
“A piece of Reuters news yen-bearish which came on on Thursday worth noting. BoJ Gov Haruhiko Kuroda said the bank has various tools left if it were to ease monetary policy again, stressing its determination to hit its inflation target in the next fiscal year.”
“Kuroda has voiced confidence that Japan will see inflation hit 2% as targeted in 2015. But many analysts, and even some within the BOJ board, are sceptical as slumping oil prices have recently slowed consumer inflation to below 1%.”
Key Quotes
“Crude oil prices rose earlier to $55.11 per barrel on news of a larger-than-expected fall in U.S. crude inventory and a fire at a major U.S. supply facility.”
“Intra-day rise gathered momentum after penetrating the psychological res at 120.00. Bids are now located at 120.10-00 and more at 119.80. On the upside, some offers are tipped at 120.45/50 and more at 120.80.”
“A piece of Reuters news yen-bearish which came on on Thursday worth noting. BoJ Gov Haruhiko Kuroda said the bank has various tools left if it were to ease monetary policy again, stressing its determination to hit its inflation target in the next fiscal year.”
“Kuroda has voiced confidence that Japan will see inflation hit 2% as targeted in 2015. But many analysts, and even some within the BOJ board, are sceptical as slumping oil prices have recently slowed consumer inflation to below 1%.”