We’re approaching early night in Tokyo and there hasn’t been any significant verbal pushback by Japanese officers at the moment. Sometimes, you’d see them come out in droves to try to pin USD/JPY again. However amid the silence at the moment, maybe they’re hoping that the quietness is one thing merchants will take warning upon. And no less than for now, it’s working.
USD/JPY has been hovering across the 154.85-92 area for nearly two hours now. There was a short dip to 154.76 earlier however it was rapidly purchased up and we’re again to this nervous vary once more. All eyes are whether or not or not Japan will step in if worth crosses the important thing line within the sand above the 155.00 mark.
And that’s maintaining broader markets comparatively muted on the day. The greenback is regular, holding slight good points towards the euro and pound. In the meantime, European indices are simply marginally greater with S&P 500 futures up simply 0.2% presently.
