USD/JPY: drifting heavy on 121 handle

By FXStreet FXStreet (Guatemala) – USD/JPY has been inching lower with some dollar weakness coming through as we head towards the closing sessions ahead of Christmas. We had some poor homes sales data from the US at 4.76m vs 5.35m exp, while the 2.0% GDP revisions were solid and beat expectations by 0.1%.

USD/JPY in 2016

While we are in holiday markets, moves can be unexpected exaggerated, or simply non existent. Focus should remain on 2016 and what will come of the build up and subsequent actions from Central Banks such as the Fed, BoJ’s tactics and what uncertainties might add to the values of the Yen.

Adam Button, MD at Forexlive explained that, “Crises in 2016 could come in junk bonds and if energy continues to collapse, USDJPY will go down in a classic flight to safety” Ashraf Laidi, founder of Intermarket Strategy Ltd added that “USD did not reach highs vs EUR or JPY, and that is telling”.

This was said during when FXStreet hosted a special event about what 2016 might hold for the Forex traders. The panelists were Ashraf Laidi, Boris Schlossberg, Adam Button and Valeria Bednarik. Today, we want to share with you the recording of the …read more

Source:: FX Street