News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Ethereum (ETH/USD) Fresh Highs; BTC/USD, Dogecoin Back Down https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/04/22/Ethereum-ETH-USD-fresh-highs-Bitcoin-BTC-USD-Dogecoin-DOGE-Back-Down.html https://t.co/vgZRauTKnt
  • US 5yr TIPS Auction: - Draw -1.631% (prev. -1.575%) - WI -1.63% - Bid/Cover 2.50 (prev. 2.86) - Allotted at high 41.74% $USD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.27%, while traders in Wall Street are at opposite extremes with 67.27%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/YFcEcIW5zJ
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.14% Gold: -0.69% Silver: -1.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/guhQLALwYf
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.04% 🇯🇵JPY: -0.09% 🇨🇭CHF: -0.16% 🇦🇺AUD: -0.37% 🇬🇧GBP: -0.59% 🇳🇿NZD: -0.61% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/X568Rs9WtB
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.04% US 500: 0.01% France 40: 0.01% FTSE 100: -0.05% Wall Street: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/FocvtyS5wk
  • #Gold rose to a fresh two month high today just shy of the 1,800 level. The precious metal has since dropped slightly lower and is currently trading around 1,780 as US 10yr yields rose to an intraday high. $XAU $GLD https://t.co/oeY1Hkh0Eg
  • US 10yr Treasury yields just hit a fresh intraday high around the 1.58% level. Yields remain far off of the pandemic highs set around 1.75% in late March. $USD https://t.co/GCxSdIvBEl
  • The Spinning Top candlestick pattern forms part of the vast Japanese candlestick repertoire with its own distinct features. Gain a better understanding of the spinning top candlestick here: https://t.co/DWm7cBMUg9 https://t.co/o2NBAy00hQ
  • #Bitcoin is continuing to trade lower since its sell-off from above 60,000 earlier this week. The crypto is setting lower highs as the week advances and is currently trading just shy of the 55,000 level. $BTC https://t.co/mUqJu5Sau4
Forex: BoJ doubles Inflation Target and Increases Asset Purchases

Forex: BoJ doubles Inflation Target and Increases Asset Purchases

Christopher Almeida,
Forex_BoJ_doubles_Inflation_Target_and_Increases_Asset_Purchases_body_Picture_1.png, Forex: BoJ doubles Inflation Target and Increases Asset Purchases

Chart created using Marketscope 2.0 (USD/JPY 1 Minute)

THE TAKEAWAY:Yen volatile but higher as BoJ acts largely as expected announcing a large asset purchasing scheme and adopting a 2% inflation target.

The Bank of Japan today announced what the market largely expected which was an open ended asset purchasing program. This was coupled with an adoption of the 2% inflation target which Japanese Prime Minister Shinzo Abe had been encouraging in the recent weeks.

It was announced that from January 2014, the Bank of Japan would buy approximately 10 trillion Yen of T-Bills monthly in an effort to get Japan out of deflation. The doubling of the inflation target could change consumer sentiment and encourage more spending as the country battles a recession.

This news led to an initial sell off in the Yen as market expectations were confirmed, however the Yen started to strengthen as markets began to digest the news. In the weeks leading up to the Bank of Japan’s meeting, the markets forced the Yen weaker by approximately 12% as Shinzo Abe made forceful statements outlining his plan to see Japan out of deflation. This meant that when the announcement was finally made in line with expectations, the Yen may not have been able to see lower levels as there was no catalyst for it to do so.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES