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Forex: Where is USD/JPY Heading and Can the House Vote Break EUR/USD?

Forex: Where is USD/JPY Heading and Can the House Vote Break EUR/USD?

John Kicklighter, Chief Strategist

The Bank of Japan (BoJ) ramped upgraded its stimulus program to the same unlimited-level that the Fed has positioned, so why didn't USDJPY and EURJPY continue rallying? There was a surprise caveat to the closely watch policy decision that caught many traders offguard and left the yen crosses in a precarious position for either immediate breakouts or a great spring board for further gains. In today's video, we discuss how this market standoff may end as well as what may finally stir risk trends and the EURUSD from its 1.3400 to 1.3250 range in the upcoming trading session.

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