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16 Dec 2013
Flash: USD/JPY eyes on FOMC - BTMU
FXstreet.com (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that the yen has strengthened modestly in the Asian trading session with USD/JPY falling back below the 103.00-level.
Key Quotes
“The yen is deriving support from more risk-averse trading conditions overnight with Asian equity markets and commodity prices modestly lower ahead of the upcoming FOMC meeting on the 18th December.”
“The bipartisan budget agreement and stronger than expected US economic data have increased the probability that the Fed may begin to gradually taper QE in the week ahead although it is still not seen as the most likely outcome.”
Key Quotes
“The yen is deriving support from more risk-averse trading conditions overnight with Asian equity markets and commodity prices modestly lower ahead of the upcoming FOMC meeting on the 18th December.”
“The bipartisan budget agreement and stronger than expected US economic data have increased the probability that the Fed may begin to gradually taper QE in the week ahead although it is still not seen as the most likely outcome.”