Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
USD/JPY largely unfazed by MOF intervention data
A short while ago the Japanese Ministry of Finance (MOF) released data on the amount of currency intervention they conducted between April 26 and May 29. This amounted to Yen 9.788 trillion, which in dollar terms is approximately $63 billion, based on a mid rate of around 155 over the period. To be honest that is more than previously thought here, but it does not seem to have surprised the markets at all the USD/JPY seems unfazed by this news. However, it does seem to have stalled the USD/JPY on the topside above 157.35 for the time being. It may now rest with the US PCE data and reaction in the US bond markets to that, as to where the dollar heads to from now ahead of the weekend. The USD/JPY is currently trading at 157.27
Market News
All News-
Brent crude on the march above $72.50 this morning
Oil prices rose on Friday and that saw both WTI and Brent crude rise to their best levels of the week. Brent crude for May delivery almost got above... -
Its not looking so hot now-check out the DAX as it falls towards 22,900
The higher opening across the European stock markets today has now given way to a marked relapse. Earlier the CAC 40 rose to 8,114. It has just now... -
EUR/GBP near session lows after UK Service sector PMI data outshines
The UK flash March PMI data has now hit the screens. As mentioned in the previous update, the markets were not expecting much in the way of any...
