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Forex: USD/JPY Defers Trend to G20, EUR/USD Faces EZ GDP

Forex: USD/JPY Defers Trend to G20, EUR/USD Faces EZ GDP

John Kicklighter, Chief Strategist

Yen traders were keeping a close eye on the USDJPY and other crosses this morning as the BoJ and 4Q Japan GDP reading crossed the wires. Yet, neither event would carry the necessary influence to change Japanese policy officials' devaluation efforts. That may change with the G20 meeting towards the end of the week, but that resolution won't come until Friday or even Saturday. In the meantime, we have European 4Q GDP readings, risk trends and a significant drop from the Pound to concern ourselves with. We dicsuss these issues and more in today's video.

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

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