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Forex: USD/JPY spikes, gives gains back

By FXstreet.com,  April 11, 2012, 01:09:00 AM EDT

FXstreet.com (Barcelona) - The USD/JPY had a 15/20 pips spike blowing up stops only to get knocked back down as rumours persist over the Boj considering to ease further on its next monetary policy review on april 27, sources say.

USD/JPY is currenty trading at 80.77 after printing a session high of 80.92. So far, key support at 80.60 has held to the pip. On the fundamental domain, the BoJ just released its monthly report, highlighting that "Japan's economic activity has shown some signs of picking up, although it has remained more or less flat."




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

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