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9 Jan 2015
USD/JPY drops back to mark session lows on dovish Fed member
FXStreet (Guatemala) - USD/JPY is currently trading 119.58 at with a high of 119.89 and a low of 119.56 and down 0.03% so far on the day on a bearish spike.
USD/JPY has taken a knock as headlines are coming across the wires in respect of Feds Narayana Kocherlakota, who is talking on monetary policy and suggesting that Federal Reserve should not raise interest rates this year. USD/JPY has reacted spontaneously and dropped right back to the mid point of the 119 handle while other crosses are catching up with a weaker theme in the Greenback on the session.
The president of the Federal Reserve Bank of Minneapolis suggested that raising rates would slow progress toward inflation their goal. The argument was put that keeping rates at zero would boost employment and mentioned that the Federal Reserve should have added more stimulus last year to boost inflation and employment.
USD/JPY has taken a knock as headlines are coming across the wires in respect of Feds Narayana Kocherlakota, who is talking on monetary policy and suggesting that Federal Reserve should not raise interest rates this year. USD/JPY has reacted spontaneously and dropped right back to the mid point of the 119 handle while other crosses are catching up with a weaker theme in the Greenback on the session.
The president of the Federal Reserve Bank of Minneapolis suggested that raising rates would slow progress toward inflation their goal. The argument was put that keeping rates at zero would boost employment and mentioned that the Federal Reserve should have added more stimulus last year to boost inflation and employment.