USD/JPY declines from 102.00 cap

FXstreet.com (Barcelona) – Having climbed overnight to post a high at 101.918, USD/JPY has gently declined into the European session to where it is presently trading at 101.65, but still up 0.34% on the days trading.

Yen weakens on Kuroda comments

USD/JPY moved higher, in tandem with the Nikkei 225 overnight after commentary from BoJ Governor Kuroda reiterating the banks “very strong” commitment to the 2% inflation target saw the Yen weaken. Kuroda added that while this was an ambitious target, policy could be adjusted if necessary.

What are today’s key USD/JPY levels?

The central pivot point is located at 101.2145. Pivot supports …read more