Yen strengthens amid US Dollar sell-off

Source: FXstreet
Disappointing US data boosted speculation that the Fed will not hike rates in 2015, triggering traders to reduce the Greenback longs. Meanwhile, the safe-haven Yen benefited from the growing uncertainty around the timing of monetary policy tightening in the US. The USD/JPY pair dropped 0.42% to trade at ¥118.35 by 07:35 AM GMT. Ahead in the day, investors will eye the release of the CPI data from the US. 
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Thu, 15 Oct 2015 09:04:15 GMT

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Wed, 14 Oct 2015 11:14:04 GMT

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