China House Price Index 9.9% in November

Dec 18, 2013

USD/JPY a bit higher following Japanese data; traders await the Fed; 101.62 is support

The USD/JPY is getting a little lift early Wednesday following Japanese Trade Balance data – but the global trading community is clearly waiting for the mother of all market-moving events – the Fed’s rate and tapering decision.

Flash: The Fed will taper today - RBS

According to Greg Gibbs, FX Strategist at RBA, taper will start tonight while he doubts that strengthening policy guidance can be achieved credibly.