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Forex: USD/JPY still around 93.50 despite BoJ

USD/JPY is currently moving a bit nervous around the 93.48 last, as BoJ has just announced there are no new easing monetary policy measures, and predicts the CPI in Japan is likely to be “around 0 percent again,” for the nearest term, the statement said.

The pair recovers part of the gains post Mr. Iwata comments when printed session highs at 93.64, now up till 93.53 following the BoJ statement, in moments usually are very unstable and volatile.

Immediate resistance to the upside for USD/JPY shows at recent session highs 93.64, followed by London session highs at 93.78 and Feb 06 highs at 94.07. To the downside, closest support lies at Feb 06 lows 93.27, followed by session/Feb 07 lows at 93.12/07, and yesterday's ows at 92.80.

BoJ keeps size of asset purchases program at Y101 trillion

The BoJ has made public its monetary decision, and as expected it held interest rates steady at 0.10%. In the statement, no new easing measures were announces, also largely expected by the market, following a rare back to back easing in the past two meeting, and as market awaits the appointment of a new governor sometime next month.
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Forex: GBP/USD stalls the fall ahead of 1.5500

With volatility in Cable back on track, doubled since late mid Nov when reached 10 year lows, GBP/USD is last at fresh 6-month lows 1.5522, down -1.68% for the week so far, and -4.42% since start of 2013. Following yesterday's BoE inflation report, when Cable dipped thru the 1.5650 level, next biggest risk event ahead comes Friday with UK retail sales data.
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