USD/JPY still capped by 99.00

FXstreet.com (Athens): The USD/JPY is moving upwards after Jackson’s Hole meeting and ahead of US durable goods orders release.

USD/JPY flirting with 99 level ahead of US durable goods orders release

The USD/JPY is congested around 98.55 area, on Monday’s morning European trading session. The BoJ’s governor Haruhiko Kuroda, said on Saturday the bold policy actions that he has championed to spur his nation’s moribund economy were gaining traction. “The bank’s policy has already started to exert its intended effects,” Kuroda told the annual Jackson Hole central banker’s retreat in Wyoming. On the other hand, today’s news about US durable goods …read more