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Yen Strength Puts BOJ On Red Alert

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Apr 5, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The decline in oil prices (broken support) weighs on Asian equities and favours the safe‐haven yen. USD/JPY trades currently at 110.73, inside the key 111/110 support area. That’s a highly unfavourable situation for the desperately deflation‐fighting BOJ. Tension mounts to act. EUR/USD hovers listless around the highs, nearby key resistance.[​IMG]

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