European Economics Preview: BoE Minutes Due
At the two-day meeting, policymakers halted its quantitative easing at GBP 325 billion and retained record low 0.50 percent interest rate. In the meantime, the Office for National Statistics is scheduled to release UK retail sales data.
EU Morning Report- Japan policy on hold, eyes on BoE minutes
Versus the safe haven Japanese yen (JPY), the greenback slid to 79.51 from 80.14 following the Bank of Japan (BoJ) two-day policy meeting. BoJ decided to keep interest rates unchanged and its asset purchasing program stable. The yen rose after the ...
Yen Edges Higher as BOJ Takes Wait-and-See Stance on Easing
The Bank of Japan announced earlier today that it would make no changes to its existing monetary policy, keeping the benchmark interest rate at 0.1% and maintaining the asset purchase program at ¥40 trillion ($504 billion). While that had been ge
BoJ Holds Off Further Stimulus, Keeps Policy Rate Unchanged
The bank noted that the economy is shifting towards a "pick-up phase." The size of the asset purchase and credit facility was also left unchanged. Following the announcement, the yen extended its rally against other major currencies in early Asian ...
USD/JPY Fundamental Analysis May 23, 2012, Forecast
Analysis and Recommendation: (close of Asian session)The USD/JPY is trading at 79.45 at the close of the Asian session. Markets are not sure what to expect as Bank of Japan policymakers prepare to meet on Wednesday. Although the BoJ has promi
Indonesia - Market Factors to watch - May 23
GOVT SEES 2013 OIL LIFTING AT 910000 BPD Oil output in 2013 will reach between 880000 and 910000 barrels per day (bpd), lower than its 2012 budgeted oil output target of between 910000 and 940000 ...
Australian Dollar Outlook - 05/23/2012
... Currency Outlook: This morning the Australian dollar is over a US cent lower, currently trading at USD0.9790 after comments about the possibility of Greece leaving the Euro currency resulted in risk aversion trading, and in turn, a fall in the AUD.
Trade Idea Central, Wednesday May 23rd
I didn't want to hold onto the trade because I'm not sure what to do with JPY after the downgrade, and all the near term headline risks. Moving forward I will be selling aud/usd (around .9900 for now) on rallies. I think the currency markets are ...
USD/JPY for a Position Play
Good morning! For my trade idea this week, I like a technical setup on the USD/JPY daily that may be supported by another potential monetary policy event from the Bank of Japan. Is it time to sell Japanese Yen again?
Fitch Cuts Japan Sovereign Credit Rating
In a not so surprising move, Fitch Ratings Agency announced a reduction in Japan’s sovereign credit rating today. Behind the decision to cut the world’s third largest economy’s credit rating was a ballooning public debt load and the recent inabi
USD/JPY – Buy the Rumor, Sell the News?
USD/JPY pushed above the 79.40 resistance and is now approaching the 80.00 handle in the 5/22 US trading session. The 80-80.20 area contain a declining trendline, and the 23.6% retracement level of the 84.16-78.97 swing. The market is rallying ah
USD/JPY Fundamental Analysis May 22, 2012, Forecast
Analysis and Recommendation: (close of Asian session)The USD/JPY is ending the Asian session at 79.21 as the yen weakened as the intervention from the BoJ in the form of additional monetary stimulus became more probable. The BoJ has stated it


