27 Jan 2015
USD/JPY back into bullish territory within wide range
FXStreet (Guatemala) - USD/JPY is up and bid in the Tokyo open moving up from 118.40 and up testing space on 118.60 currently.
Risk mode is back into play with the market shrugging off Greece's election results and ready to move on, with stock markets performing, although the Nikkei a little jittery at the moment with the spike down to 17,629 that quickly recovered back into line and neutral again.
The USD/JPY is back into bullish territory, which is proving good for the Japanese exporting stocks. Markets will be now looking ahead to the FOMC and we could be in for some volatility. The FOMC will be centred around recent data events with their patient approach given the poor turn out in average hourly earnings and retail sales that were also disappointing. We are 116.00-120.00 range bound still.
Risk mode is back into play with the market shrugging off Greece's election results and ready to move on, with stock markets performing, although the Nikkei a little jittery at the moment with the spike down to 17,629 that quickly recovered back into line and neutral again.
The USD/JPY is back into bullish territory, which is proving good for the Japanese exporting stocks. Markets will be now looking ahead to the FOMC and we could be in for some volatility. The FOMC will be centred around recent data events with their patient approach given the poor turn out in average hourly earnings and retail sales that were also disappointing. We are 116.00-120.00 range bound still.