All Things Forex Trading Room: Is it Time for the JPY to Resume its Downtrend?

In the trading room today: Is it Time for the JPY to Resume its Downtrend? In light of the weaker than expected trade balance report from Japan and the statement by the Bank of Japan Governor, we examine the odds of additional monetary policy easing by the Japanese central bank and explore the potential for a continuation of the JPY downtrend in the months ahead, we analyze the range in the USD/JPY currency pair, we take a look at the pullback in the EUR/USD pair, we keep an eye on the GBP ahead of a sequence of UK economic events, we highlight the market’s reaction to the Japanese Trade Balance and the German PPI, we discuss new forecasts from Morgan Stanley and Mizuho Bank, and prepare for the trading session ahead.


USA 
  • trade online

Join the discussion