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Forex pairs in this Article » USD/JPY
FXStreet (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ the yen has continued to weaken modestly in the Asian trading session with USD/JPY rising further above its intra-day low of 100.76 recorded on the 4th February.

Key Quotes

"The yen is giving back some of its recent safe haven driven gains as investor risk sentiment continues to gradually improve in the near-term."

"USD/JPY, the 10-year US Treasury bond yield and US equity indices have all found support from their 200-day moving averages over the past week helping to reassure investors that their recent declines may prove only temporary corrections. The easing of selling pressure in emerging markets and recent reassuring economic data releases from the US and euro-zone have helped to ease safe haven demand for the yen."

"The release of the latest weekly initial claims report from the US yesterday revealed that claims dropped back sharply after spiking higher in the previous week. The underlying trend for jobless claims remains relatively flat since the summer of last year consistent with stable labour market conditions."
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