TenkoFX - Analytics


    425.75 7.25/10
    68% of positive reviews

    USD/JPY off lows at 101.50 on BOJ statement Haresh Menghani

    The USD/JPY pair was sent on a roller-coaster ride and got slammed below 100.00 psychological mark for the first time since Nov. 2013 as the results from the closely watched EU referendum in the UK showed a strong support for the Brexit. Investors rushed away from riskier assets, benefitting the perceived safety of the Japanese Yen.  The pair, however, has retreated a bit and is currently trade around mid-101.00s following the Japanese central bank announcement to provide sufficient liquidity in order to curb extreme volatility in the FX market. 

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree