JPY Trading Outlook (29-10-2012)
The Japanese Yen (JPY) USD/JPY was the most active pair in the market with a sharp reversal from Y80 after the US GDP data failed to inspire fresh gains. Profit taking ahead of the BOJ meeting dominated the price action Friday. The BOJ is expected to be aggressive when it concludes its meeting tomorrow with an increase to its own Asset Purchase Program and potentially sets its inflation target higher.
Back to JPY Trading Outlook Archive