May 1, 2013
Forex: USD/JPY bounces after retesting lower 97.00 ground
The USD/JPY retried the 97.00 ground in today’s Asian morning, coming as low as 97.06, little above yesterday’s low of 97.02. Then, the pair erased its losses throughout the session and is just below flat ahead of the European opening. Labor Day should keep the market low in volumes, but many won’t miss the chance of trading the FOMC policy decision later at 18:00 GMT, as well as the ADP employment and ISM manufacturing PMI at 14:00 GMT.
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