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26 Mar 2013
Forex: USD/JPY moves to lower band of daily range 94.11/45
FXstreet.com (Barcelona) - The USD/JPY dropped to as low as 93.54 for Fed’s Bernanke speech yesterday, then bouncing back to 94.00 ground. Sidelined between 94.11 and 94.45, the pair is currently moving to the lower band of the range.
BoJ Governor Kuroda spoke before the Japanese parliament today, but didn’t trigger market moves. He said the central bank will do whatever it takes to end deflation, has not been buying enough in terms of size, type of asset, and will consider extending bond maturities – increasing purchases of long term bonds. He also said it is hard to set nominal GDP as a target.
Mataf.net analysts point to resistance at 94.45, 94.90 and 95.65, while supports are at 93.85, 93.50 and 93.00.
BoJ Governor Kuroda spoke before the Japanese parliament today, but didn’t trigger market moves. He said the central bank will do whatever it takes to end deflation, has not been buying enough in terms of size, type of asset, and will consider extending bond maturities – increasing purchases of long term bonds. He also said it is hard to set nominal GDP as a target.
Mataf.net analysts point to resistance at 94.45, 94.90 and 95.65, while supports are at 93.85, 93.50 and 93.00.