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Japanese Yen Higher amid Quiet Trading

September 16, 2016 at 11:18 by Vladimir Vyun

A fan of 10,000-yen billsThe Japanese yen rose against its major peers today even though there were few news pieces to drive the currency one way or the other.

With the current session being light on data and events, traders turn their attention to the future. The most important things next week are policy meeting of the Federal Reserve and the Bank of Japan. Market participants do not count on the Fed to tighten its policy and the BoJ to add monetary stimulus, and such view is beneficial to the yen.

USD/JPY fell from 102.05 to 101.80 as of 11:10 GMT today. CHF/JPY slid from 105.01 to 104.36.

If you have any questions, comments, or opinions regarding the Japanese Yen, feel free to post them using the commentary form below.

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