JPY Trading Outlook (13-03-2012)
The Japanese Yen (JPY) the USD/JPY had a slight dip before support was found and buyers reemerged in the US session as traders believe todays rate meetings will expose a widening gap between the Japanese and US monetary policies. Any further expansion of BOJ support for the fragile Japanese economy may prompt more Yen weakness but the main event is the US FOMC statement in the US session.
Back to JPY Trading Outlook Archive