The response to a Federal Open Market Committee (FOMC) on hold has been yen buying in Asia morning trade:
There is no fresh news of note. Although I did posit the potential for a lower USD/JPY here earlier:
I wasn’t really convinced …. but here we are.
One thing to be aware of is liquidity is thinner than normal again today with Singapore and Hong Kong on holidays (mainland China also):
This article was written by Eamonn Sheridan at www.forexlive.com.
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