USD/JPY ranges into European session

FXstreet.com (Barcelona) – USD/JPY has ranged overnight and into the European session, posting a high at 101.74 and a low at 101.33 and presently trading at 101.45, down -0.01% on the days trading.

Yen on defensive overnight

Overnight Japanese Economy Minister Aso spoke to the media and claimed that market principles were reflected in the weak yen under Abenomics, and that momentum is rising to reach a year end conclusion too TPP talks. Further, the government announced that it would end four decades of rice price support for farmers. Elsewhere the latest BoJ minutes were released showing that board members agreed …read more