Bank Of Japan Fuels Forex Volatility, Eyes on Fed
Posted: Tue Sep 20, 2016 5:55 pm
This guest article was written by Ashwin Peswani who is the Regional Director of MTrading.
Although US housing market details on Tuesday joined hands with recently weaker data-points (except CPI), the US dollar managed to close the day in positive territory as market players smelled more chances of a JPY downturn and greenback rise after the respective monetary policy meetings of the BoJ and Federal Reserve.
Further, weaker prints of German PPI and pessimism in the UK dragged the EUR and the GBP south while the AUD, NZD and CAD maintained their upward moves as the expected drop in crude ... (read more)