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JuanHernandez

All eyes focus in Fed´s rate decison.

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
JuanHernandez  
FX:USDJPY   U.S. Dollar / Japanese Yen
5
0
The Japanese yen today weakened against the US dollar as the markets’ risk appetite increased given the positive performance of European and US equity markets, and the weak demand for the yen. Disappointing Japanese Business Sentiment Index (BSI) data released by the Ministry of Finance also increased the selling pressure on the yen. The dollar should be stronger due to the expectation that the FED will hike its rates tomorrow.
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