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USD/JPY, bulls unwilling to give up 97.00 zone

FXstreet.com (Chicago) – USD/JPY JPY held on to bearish pressures pushing the price close below 97.00 zone at the closing of the American trading session. Ahead of Tokyo, bulls succeed at protecting the round number, with a bounce reaching 97.18 so far.

Undefined timing for Japanese tax hikes?

Despite rising concerns on Syrian conflict after civilian attack with chemical weapons and last night’s US Secretary of State’s remarks of potential US retaliation, the bulls resisted above 97.00 after market participants rushed to hedge risks, driving the equities markets to the grounds.
In Japan, rumors on tax hike delays continue circulating after …read more