Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
Cyber Monday Deal: Up to 60% off InvestingPro
CLAIM SALE
Forex - USD/JPY lower ahead of Japan fiscal year-end
Published Mar 28, 2012 04:11AM ET
USD/JPY hit 82.61 during early European trade, the pair’s lowest since March 26; the pair subsequently consolidated at 82.83, declining 0.42%.
The pair was likely to find support at 82.36, the low of March 26 and resistance at 83.38, Tuesday’s high.
Deputy BOJ Governor Kiyohiko Nishimura said earlier that the central bank is prepared to keep monetary policy “ultra easy” for as long as necessary to beat deflation and support the economy although a Federal Reserve-style "Operation Twist" to cap long-term yields won't be required.
Nishimura told a parliament committee that Japan should not adopt such a policy as it risked destabilizing markets and pushing up medium-term and long-term bond yields.
Meanwhile, the greenback remained under pressure after Federal Reserve Chairman Ben Bernanke warned that the U.S. recovery isn’t assured.
Dovish comments by Bernanke had sent the dollar broadly lower earlier in the week, as the Fed chairman fanned speculation over the possibility of a third round of easing.
The yen was fractionally higher against the euro with EUR/JPY retreating 0.08%, to hit 110.65.
Later in the day, the U.S. was to publish government data on durable goods orders, followed by a report on crude oil stockpiles.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.