10 May 2013
Forex Flash: USD/JPY finally takes 100.00 following US developments - DBS Group
FXstreet.com (Barcelona) - DBS Group analysts note that USD/JPY finally broke above the psychological 100 level in overnight US markets.
They note that the rise from around 98.70 started with the release of better-than expected US jobless claims data and the break above 100 came during the hour when Philadelphia Fed President Charles Plosser said that he was not worried that inflation was below the Fed’s target. They note that Plosser favors reducing asset purchases.
They note that the rise from around 98.70 started with the release of better-than expected US jobless claims data and the break above 100 came during the hour when Philadelphia Fed President Charles Plosser said that he was not worried that inflation was below the Fed’s target. They note that Plosser favors reducing asset purchases.