USD/JPY having opened a little easier, is seeing steady trade in early Europe. We’re presently sitting at 91.85 having closed out in North America Friday up around 92.05.
The market duly noted the aforementioned Financial news article with it’s call for China to increase it’s holdings of yen and euros, and this has served to pressure the USD/JPY pairing a little.
However, would think increasng worries over Japan’s burgeoning budget and desire for better yield elsewhere among Japanese investors will help underpin the USD/JPY pairing.
Personally fancy USD/JPY to trade firmer over coming month.
