Forex - USD/JPY, EUR/JPY Flows: Yen flat with no fresh risk catalyst


 02:46 (GMT) 13 Mar

  [Forex Flows]

Sample Premium Content
USD/JPY, EUR/JPY Flows: Yen flat with no fresh risk catalyst (0100-XYWR-C01)

Japanese FinMin Taro Aso hit the wires again but no fresh insights and repeats to take on the responsibility to investigate the real estate deal instead of resigning.The lack of meaningful progress from the Japanese political scandal, Korean peninsula and with risk markets mixed keep yen orders on the sideline. JPY pairs traded sideways before US CPI later could blow things up if print is better than forecast. However, we expect a print more in line with Friday's soft earnings figure. USD/JPY steadies near Monday's low, with 107 overhead and 105.50 below the level to watch, while EUR/JPY hovers just above 131. Earlier, Japanese PPI came in right on point at 2.5%y/y.


CurrenciesCountriesMarket Bulletins

Latest Currency Analysis

Available to subscribers only
Order Now