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USD/JPY consolidated on 102 handle

FXstreet.com (Barcelona) – Lee Hardman, economist at The Bank of Tokyo-Mitsubishi UFJ noted the yen had continued to weaken modestly in the Asian trading session with USD/JPY rising back above the 102.00-level.

USD/JPY is now consolidated above the handle on a sluggish day with NA out for thanks giving. Nevertheless, Hardman noted, “The yen is being undermined by the continued improvement in global investor risk sentiment which is encouraging the use of the yen as a funding currency. The MSCI World equity index continues to move within touching …read more