Forex: USD/JPY breaks 94.00; Abe talking down the Yen

FXstreet.com (Barcelona) - The Yen continues to be talked down by Japanese politicians, with the latest selling round (currently underway) just breaking above 94.00 against the USD, after Japan's Prime Minister Mr. Abe was just quoted saying that "buying foreign bonds could be among future option for the BoJ..."

As a reminder for readers, the purchase of overseas bonds by Japan is seen as a riskier, unorthodox option to keep expanding the central bank's balance sheet, having negative connotations for the Yen value in the eyes of speculators. After the headline, the USD/JPY recorded its session highest at 94.10. Immediate resistance lies at 99.45, Feb 11 high.

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