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USD/JPY dropping from highs

FXstreet.com (London) – USD/JPY is dropping to a potential support line 101.35/40 where the less committee bulls might start thinking about cashing in.

Without there being much in the way of news, the market is positioning itself ahead of the BoJ minutes. Next up there after the minutes at the end f the week, as currency research team at BBH note, Japan will report a host of economic data. “Japan will report a host of economic data, including the November CPI reading (expected to tick up to 0.2% from flat on the core, which is the BOJ preferred measure). Despite …read more