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Forex: USD/JPY hits daily lows

FXstreet.com (Córdoba) - The US dollar fell to a fresh daily low versus the yen at the beginning of the New York session as risk appetite tempered. USD/JPY retreated from the 99.80 area back to 99.10 and it is currently trading around 99.35/40 where it is 0.4% below its opening price.

USD/JPY started an impressive rally after the BoJ announced new easing measures last week, but as the cross approaches to the critical 100.00 hurdle, the pace of advance has declined, confining the pair to a phase of consolidation. The high so far has been 99.86, scored late Wednesday American session.

Forex Flash: JGB and yen volatility permeates markets – UBS

JGB volatility has increased massively since the Bank of Japan announced a revamped easing program a week ago. Circuit breakers in JGB futures have been triggered on several occasions, and intra-day moves of up to 30 bp in 10y yields are no longer unheard of.
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Ireland and Portugal might be granted loan repayment extension on Friday

Eurogroup head Jeroen Dijsselbloem told reporters today that Ireland and Portugal will most probably be granted a 7-year extension on the maturities of their bailout loans, during the meeting of EU finance ministers due to begin on Friday.
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