Ahead of the BOJ decision on Friday, there are rumors that Japanese officials checked rates in USD/JPY. Semi-official bids were also present down to 79.00.
The rebound off the late-June low may set up USD/JPY for a re-test of 80.10.
Talk of a yen rate check
Adam Button
11/07/2012 | 14:59 GMT
Tags
Most Popular
- In-line CPI report leads to a blockbuster day for US stock markets
- US November NFIB small business optimism index 101.7 vs 94.2 expected
- US stocks open higher led by the NASDAQ index
- USD/JPY sent for a spin but now moving higher as BOJ rate hike odds fade
- Brazil's central bank hikes rate to 12.25% (from 11.25% and vs. 12% expected)
- USD/JPY looks to US CPI report to potentially break ping pong range
- ForexLive European FX news wrap: USD/JPY sticks with the early bounce, ADP up next