Will Financial institution of Japan Governor Ueda rescue the JPY? Talking at 5 previous the hour

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Ueda to talk:

  • Financial institution of Japan Governor Ueda shall be talking Wednesday, February 12, 2025

I do not assume he’ll be too dovish so he may stabilise the yen. We’ll see.

USD/JPY has surged:

Sheesh …. I popped up this hourly chart searching for some USD/JPY resistance. I’m not seeing a lot till round 153.90, the place I positioned the cursor, that dotted line @ 153.894. Certainly resistance is just not that distant?

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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