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Forex Flash: USD/JPY strengthened above 100.00 on comments from Plosser – TD Securities

FXstreet.com (London) - Forex Flash: USD/JPY strengthened above 100.00 on comments from Plosser – TD Securities

USD is the big talk again in the market, and the USD/JPY especially. TD Securities said in the wake of the USD/JPY’s surge past 100.00 in the overnight North American session (a four-year high), the cross has risen further in the Asia session, and they have noted that it hit an intraday high of 101.20 early on.

Their analysis went on to say, 'US dollar strengthened against all major currencies, not just the yen, and this seems to have been triggered by comments by Fed’s (non-voting member) Plosser in favour of scaling back QE3 next month, amplified by a lower-than-expected jobless claims report.'

At the time of writing, the USD/JPY is just about holding above 101.00 the figure approaching the London open.

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