Forex: All Yen Traders Watching BoJ and 90
The day of reckoning is upon us. Over the past three months, the Japanese yen has depreciated rapidly on the belief that policy officials would ramp up their stimulus efforts to match that of the Fed and ECB. At multi-year highs for USDJPY, EURJPY and other yen-based crosses; expectations for the Bank of Japan's policy maneuverings have been set exceptionally high. In today's video, we discuss the expectations and different scenarios for this important event. We also look over the other systemic event risks hiding just beneath and the speculative setups ready and willing to move as the financial headlines update.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.