Previous close | 0.0064 |
Open | 0.0064 |
Bid | 0.0064 |
Day's range | 0.0064 - 0.0064 |
52-week range | 0.0063 - 0.0073 |
Ask | 0.0064 |
The USD continues to look strong against the Yen, as the Bank of Japan continues to see itself as “trapped.” The recent intervention did slow down the move higher, but it will not change it.
The US Dollar continues to look very strong against the yen, as the interest rate differential continues to be the biggest driver overall. Ultimately, this is a situation where you continue to get paid for hanging onto the long position.
The USD continues to rally against the lowly Japanese yen on Tuesday, as the market will eventually have to settle on what the Bank of Japan can, or more to the point, cannot do.