USD/JPY jumped earlier on comments from Kanda pointedly not responding to Yellen – tensions are evident in the intervention realm:
- Japan’s Kanda says no comment on Yellen’s comments on FX
USD/JPY shot up to around 154.25/30 before retracing all of its gain … and has since shot even higher, circa 154.40+ as I post.
Eslewhere the USD lost some ground. AUD notably gained, to highs around 0.6642+. And now that move has reversed with AUD/USD circa 0.6622.
EUR, NZD, GBP all followed a similar pattern. CAD weak now too.
Which chart to post?
Let’s stick with everyone’s favourite, USD/JPY:
This article was written by Eamonn Sheridan at www.forexlive.com.
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