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USD Drops Against Yen as Market Anticipates Economic Data Release from US

January, 06 2017
watermark Economic news

The USD decreased in value against the JPY for the second consecutive day after the minutes from the FOMC’s latest policy meeting sparked concerns on how the incoming Trump administration’s government policies would be affecting the frequency of the Fed’s planned rate hikes this year. The USD dropped significantly during the Tokyo trading session, clocking in a decrease of over 1.7% against the Japanese yen. The USD has since then pared its losses since the market is now monitoring the release of the jobs data from the US in the coming days.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.