The buying has continued in the USD … most notably USD/JPY which has jumped above 103.05 and is now around 103.20.
EUR/JPY has gained too, above 137.25 as I type.
I posted a little while ago on the broad USD buying and noted nothing in way of fresh news …. nothing to add on that front.
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Just adding to this post a little later.
Still not hearing much in the way of news etc.
USD/JPY just barely below its highs:
There might be something in the idea that market is covering going into the FOMC Minutes tonight in the US and then into Jackson Hole the following two days. Expectations are for a very dovish Yellen so maybe the market is short USD ahead of that? Dunno .. just thinking out lot … Comments welcome (of course):
