USDJPY vs AUDJPY on BoJ Decision, EURUSD and EURCHF Unique Risk Plays
There are serious, fundamental rumbles in the near future for currency traders. The passive carry collectors should be nervous, but the active traders are looking at significant trading potential. The most immediate theme to take stock of is the Bank of Japan policy decision. After the incredible impact of the central bank's last 10 trillion yen increase to its asset purchasing plan, the masses are keenly aware of the heavy implications. Adding to the level of complexity, we have to also account for the threatening position of risk trends / carry interest. Meanwhile, EURUSD keeps the euro and dollar locked in a fundamental battle above 1.3000, and the SNB recalculates its options with EURCHF refusing to give up on 1.2000.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.