Secretary of State Hillary Clinton says Japan has the right to defend itself, referring to the impending North Korean missile launch. A launch would have “consequences”, she said.
USD/JPY has broken resistance at 98.85/95 and tested the next layer at 99.15/20. More Japanese stimulus, a rebound in US equities, the passing of fiscal year-end are all helping underpin USD/JPY today.
Just above the market is the 200-day moving average at 99.27.
