Forex Flash: Could USD/JPY breach 100.00 level? – Investec

FXstreet.com (Barcelona) - The G20 Finance Ministers meeting continues in Washington today with all eyes on Japan and whether there is set to be any opposition to the recent BoJ policy actions. According to the Investec Research Team, “Currently Japan can be best described as ‘that guy’, the embarrassing individual at what should otherwise be a civilized dinner party, as it clearly has identified itself with a differing mentality as others”.

Markets will be watching to see if Japan comes under fire as they continue to flaunt their taste for controversial policies that have led to a rapid devaluation of their currency. The USD/JPY is already on the bounce this morning, moving just through the 99.00 level, as the market awaits for the inevitable break above 100.00.