The major rallies 0.33% to 112.56, off daily highs printed at 112.62. While the Japanese benchmark index, the Nikkei 225 rockets +1.75% to 16,200 levels.
Markets continue to weigh BOJ’s Kiuchi’s comments, which suggested that the negative interest rates policy adopted by the BOJ could destabilize financial markets. While Fed’s Bullard’s optimistic outlook on the US inflation expectations underpin the upward moves in the greenback.
Today Economic Background for Yen the oil price action will continue to drive the markets ahead of the crucial US durable goods data release that may have major impact on the USD/JPY pair.