BOJ governor Ueda says unwinding of speculative yen positions has likely run its course
globalreutersSeptember 24, 20241 Mins read For all the talk about not commenting on the exchange rate, he is definitely touching on a bit of a sensitive topic here. I wouldn’t mind him saying that speculative positioning being what led to the surging run higher in USD/JPY until July. But to say that the unwinding has run its course? Hmm. Is he goading traders into rebuffing those prospects again?
USD/JPY is sitting higher by 0.7% currently, trading up to 144.65. The pair is keeping just above its 100-week moving average of 144.42 now. That will be a key technical level to be mindful of during the week.
This article was written by Justin Low at www.forexlive.com.
Recent Posts
Categories
Related Articles
ECB’s Muller: An October cut isn’t totally excluded
An October cut isn't totally excluded.Too early to have strong view on...
USDCAD Technical Analysis – Global growth vs. rates pricing
Fundamental OverviewLast week, the Fed finally started its easing cycle and decided...
The central bank bonanza wraps up with the SNB later this week
Here's a recap on the month of major central bank policy decisions...
EUR/GBP rises to near 0.8350 following the dovish speech from BoE Governor Bailey
EUR/GBP breaks its four-day losing streak, trading around 0.8330 during the European...
Leave a comment