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USD/JPY traded at 111.90, a fresh high ahead of BoJ


Friday, 15 March 2019 09:15 WIB

Dolar YenUSD/JPY,


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USD/JPY rose from 111.30 to 111.80 overnight but has just inched a touch higher as investors get set for the BoJ today which meets in a tough situation whereby its policy tools are not having the desired effect and as we heard yesterday, whereby the Japanese government talks of a potential downgrade to its assessment of the economy, the BoJ will also note that domestic economic conditions are softening.

Meanwhile, the US 10yr treasury continues to drift sideways, between 2.61% and 2.64% and the futures markets are factoring in an increasing chance, now to 20%, that the Fed will have cut by December - weighing on the greenback that struggles towards 98 in the DXY.

Source: FXtsreet


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