8 Apr 2014
USD/JPY in tight range ahead of BoJ
FXStreet (Córdoba) - The USD/JPY remains steady early in Asia trading barely above 103.00 ahead of the decision of the Bank of Japan. No change in rates, or the monetary base objective is expected but the decision could bring some volatility to Yen crosses.
The pair has been moving in a small range in the last hours above 103.00 and below 103.20. Currently trades near the low limit but the tight range could prevail until 03:00 GMT, when the BoJ will announce its decision.
USD/JPY falls again
Price fell on Monday for the second day in a row and remains weak on a wider view. The USD/JPY lost momentum after the release of the US employment report last Friday and since then lost 100 pips.
The pair has been moving in a small range in the last hours above 103.00 and below 103.20. Currently trades near the low limit but the tight range could prevail until 03:00 GMT, when the BoJ will announce its decision.
USD/JPY falls again
Price fell on Monday for the second day in a row and remains weak on a wider view. The USD/JPY lost momentum after the release of the US employment report last Friday and since then lost 100 pips.