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12 Mar 2015
USD/JPY: Greenback solid in Tokyo too
FXStreet (Guatemala) - USD/JPY is currently trading at 121.54 with a high of 121.61 and a low of 121.38.
Into Tokyo, again, USD/JPY is trading amongst the whispers that the Federal Reserve could consider a rate hike as soon as June and this has been on the increase since last week’s strong US February employment report, as noted by analysts at Rabobank.
"US economic data so far this week has been sparse with January wholesale trade and February NFIB small business optimism both disappointing. However, an article by the WSJ’s Chief Economics Correspondent Hilsenrath suggesting that a June move was in the running has fanned rate hike speculation further." Specifically associated to the major, they said, "Stock markets are again mostly lower across the board with the clear exception being the Nikkei 225 which is being supported by the buoyant tone of USD/JPY."
Into Tokyo, again, USD/JPY is trading amongst the whispers that the Federal Reserve could consider a rate hike as soon as June and this has been on the increase since last week’s strong US February employment report, as noted by analysts at Rabobank.
"US economic data so far this week has been sparse with January wholesale trade and February NFIB small business optimism both disappointing. However, an article by the WSJ’s Chief Economics Correspondent Hilsenrath suggesting that a June move was in the running has fanned rate hike speculation further." Specifically associated to the major, they said, "Stock markets are again mostly lower across the board with the clear exception being the Nikkei 225 which is being supported by the buoyant tone of USD/JPY."