Market Overview

USD/JPY Edges Lower, Japan Inflation Forecast Reduced

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USD/JPY is trading at 104.05, down 0.67.

The pair is trading choppy and just above the session lows as overseas traders wind down trading for the day.

Market talk about money flows and chatter about a new stimulus package from Japan's Prime Minister Shinzo Abe
has kept both buyers and sellers active.

Japan's government lowered the inflation forecast to a rise of 0.4 percent versus for 1.2 percent in January.

Posted-In: Japanese Yen USD/JPY yenFutures Forex Markets

 

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