USD/JPY holds on to higher ground, trading in the 109.60 price zone, as the pair is mildly pressured amid a cautious mood, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “Investors are cautious at the start of the week amid news that a hedge fund that had significant positions in different firms was forced to liquidate late on Friday. Credit Suisse and Nomura reported significant losses as a result of the $20 billion block-sale.” “The Bank of Japan published the Summary of Opinions, and Governor Haruhiko Kuroda spoke afterwards, repeating well-known concepts. Kuroda said that the central bank will continue with its ultra-loose monetary policy, adding that it will take time to hit the 2% inflation target.” “USD/JPY is technically bullish in the near-term, with the downward potential still limited. The pair bottomed for the day at 109.35, the level to break to see it falling further.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF clings to small daily gains around 0.9400 FX Street 8 months USD/JPY holds on to higher ground, trading in the 109.60 price zone, as the pair is mildly pressured amid a cautious mood, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes "Investors are cautious at the start of the week amid news that a hedge fund that had significant positions in different firms was forced to liquidate late on Friday. Credit Suisse and Nomura reported significant losses as a result of the $20 billion block-sale." "The Bank of Japan published the Summary of Opinions, and Governor Haruhiko Kuroda spoke afterwards, repeating well-known concepts. Kuroda said that the central bank will… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
