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Yellen’s speech would be closely watched by investors – Danske Bank

FXStreet (Edinburgh) - Analyst Anders Fischer at Danske Bank underlines the importance of today’s speech by Fed’s Chairwoman Janet Yellen.

Key Quotes

“Fed chairwoman Janet Yellen will speak in the Economic Club of New York followed by a Q&A session.”

“The main topic is expected to be monetary policy unlike the brief speech yesterday that mainly covered regulatory issues”.

“We expect Yellen to be dovish and not least attempt to decouple Fed’s tapering and interest rate decision. Fed is also scheduled to release the regional Beige Book survey of the US economy this evening”.

USD/JPY is fueled by Nikkei, rests around 102.20

USD/JPY has finally nested above 102.00 resistance reaching weekly high at 102.29, and trading not far from it by the moment.
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