Will Bank of Japan Governor Ueda rescue the JPY? Speaking at 5 past the hour

  • Yen crosses have slumped, Ueda will speak in the Japanese parliament.

Ueda to speak:

I don't think he'll be too dovish so he might stabilise the yen. We'll see.

USD/JPY has surged:

usdyen Bank of Japan Governor Ueda 1

Sheesh .... I popped up this hourly chart looking for some USD/JPY resistance. I am not seeing much until around 153.90, where I placed the cursor, that dotted line @ 153.894. Surely resistance is not that far away?

Top Brokers

Sponsored

General Risk Warning