As we head into the final hour of the US session…
Posted: 2017-02-27 20:22:23equity markets are still just chopping around the +0- area.
USDJPY caught a carry trade bid on the back of Fed Member Kaplan suggesting that raising rates sooner rather than later would help US central bank avoid falling behind the curve on inflation. Essentially suggesting that rates should rise in the near future.
USDJPY trading 112.78, with large seller on the offer capping. Stops reportedly building around 113.00