FXStreet (Guatemala) – USD/JPY remains range‐bound, with the JPY seeing little or no obvious benefit from the heightened volatlity and uncertainty that surrounded yesterday’s ECB decision.
Key Quotes:
“Global stocks remain soft today but FX safe havens are not in demand, suggesting that volatlity is driven by short‐term position adjustment rather than deeper‐rooted worries. Japanese cash earnings rose a higher than expected 0.7% in October. Steady, if minor, gains in wages augur positively for consumption and inflation.”
(Market News Provided by FXstreet)