Forex: USD/JPY largely unaffected by Draghi´s words
Forex pairs in this Article »
USD/JPY
FXstreet.com (Barcelona) - USDJPY is largely unmoved by todays European Central Bank actions, trading at 88.25 having found resistance at Classic R1 at 88.33.
The pair has been a low mover as all focus today has been firmly placed in Europe with the BoE and ECB interest rate decisions. With both banks keeping rates on hold, Draghi's has revealed in his subsequent press conference that Eurozone inflation risks are broad based and that he sees it falling below 2% in the coming year. He also sees economic weakness continuing in the year ahead. He also revealed that the rate decision was unanimous and that there was no request for one either.
The pair has been a low mover as all focus today has been firmly placed in Europe with the BoE and ECB interest rate decisions. With both banks keeping rates on hold, Draghi's has revealed in his subsequent press conference that Eurozone inflation risks are broad based and that he sees it falling below 2% in the coming year. He also sees economic weakness continuing in the year ahead. He also revealed that the rate decision was unanimous and that there was no request for one either.
Free Annual Reports
