27 Jan 2015
USD/JPY falls on Amari’s comments – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team shares that USD/JPY fell towards 118.10 after Japanese Economic Minister Amari’s comments regarding the Yen and inflation.
Key Quotes
“USD/JPY is the largest mover among the dollar majors in an otherwise quiet FX session, falling about 50pips toward 118.10. The bulk of the plunge was attributed to comments from Econ Min Amari, who said neither overly weak nor strong Yen would be suitable.”
“Amari also stated that recent fall in oil prices is having a significant impact on CPI and would likely push back timing of achieving 2% inflation.”
Key Quotes
“USD/JPY is the largest mover among the dollar majors in an otherwise quiet FX session, falling about 50pips toward 118.10. The bulk of the plunge was attributed to comments from Econ Min Amari, who said neither overly weak nor strong Yen would be suitable.”
“Amari also stated that recent fall in oil prices is having a significant impact on CPI and would likely push back timing of achieving 2% inflation.”