After yesterday’s turmoil, will the USD/JPY pair remain quiet as we check the U.S. and European economic statistics?
Yesterday saw a tumultuous day for the yen, with USD/JPY surging into the 160s before swiftly falling back, apparently pushed down to the 154s by aggressive selling thought to be intervention. Since then, the market has gradually stabilized, now hovering around the late 156s to 157. With the U.S. FOMC meeting starting tomorrow and the […]