January 30, 2025 at 01:18AM
The response to a Federal Open Market Committee (FOMC) on hold has been yen buying in Asia morning trade:
There is no fresh news of note. Although I did posit the potential for a lower USD/JPY here earlier:
Arrangements for a meeting between Trump and Japan PM Ishiba close to being finalised
I wasn’t really convinced …. but here we are.
One thing to be aware of is liquidity is thinner than normal again today with Singapore and Hong Kong on holidays (mainland China also):
Markets in Asia will be disrupted by holidays again today
This article was written by Eamonn Sheridan at www.forexlive.com.
Yen finding strength USD/JPY around 154.50