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Forex: USD/JPY largely unaffected by Draghi´s words

By FXstreet.com,  January 10, 2013, 09:04:00 AM EDT

FXstreet.com (Barcelona) - USD/JPY is largely unmoved by todays European Central Bank actions, trading at 88.25 having found resistance at Classic R1 at 88.33.

The pair has been a low mover as all focus today has been firmly placed in Europe with the BoE and ECB interest rate decisions. With both banks keeping rates on hold, Draghi´s has revealed in his subsequent press conference that Eurozone inflation risks are broad based and that he sees it falling below 2% in the coming year. He also sees economic weakness continuing in the year ahead. He also revealed that the rate decision was unanimous and that there was no request for one either.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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