Forex live News Today: USD/JPY breaks 141

Forex News FX

Forex Live News Today. The Bank of Japan offered plenty of volatility and drama to wrap up a busy week for central bankers but as the dust settled the market grew comfortable selling the yen.

  • Gold up $14 to $1958
  • US 10-year yields down 4.9 bps to 3.96%
  • WTI crude oil up $0.33 to $80.42
  • S&P 500 up 45 points, or 1.0%, to 4608
  • GBP leads, JPY lags

USD/JPY breaks 141 as yen shorts buy the dip. USD/JPY started US trade near 139.00 before finishing near 141.00 after several moves in that wide range in the past 24 hours.

Forex Live News Today

Helping the move were lower yields after a goldilocks US PCE report and falling employment cost index.

Outside of the yen, trading wasn't exactly straightforward as a positive risk trade certainly didn't flow into commodity FX, perhaps owing to domestic concerns and month-end flows. USD/CAD finished slightly higher despite another gain in crude and a rip in equities. AUD/USD tried to mount a comeback in North America but made little progress and finished the day down 0.8% as the market frets about next week's RBA decision.

The euro and pound finished higher but only recovered a portion of the drop a day earlier. The gains came early in Europe and it was mostly sideways in North America with volatility low compared to JPY trades.

Have a great weekend, it was certainly an interesting week. Note that the VIX is down to 13 as the market grows increasingly sanguine.

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