All Things Forex Trading Room: Will the Fed’s Comments Change the USD Trend?

In the trading room today: Will the Fed Chairman’s Comments Change the USD Trend? Following yesterday’s dovish comments by the Fed Chairman Ben Bernanke, we examine the impact on the USD from the Fed’s promise of a “highly accommodative monetary policy for the foreseeable future”, we analyze the spike in the EUR/USD currency pair, we note the jump in the GBP/USD pair, we keep an eye on the decline of the USD vs JPY, we highlight the market’s reaction to the FOMC Meeting Minutes and the Bank of Japan interest rate announcement, we discuss new forecasts from Bank of Tokyo-Mitsubishi and Morgan Stanley, and prepare for the trading session ahead.


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