Forex: GBP/JPY a High Risk Pair Between BoJ and UK Data
Volatility picked up this past session in the Forex market, but it wasn't the kind of move that secures a serious trend. Looking ahead to the coming session, there is certainly a high risk for heavier activity levels - with the possibility of a dramatic and market-wide trend always a palpable possibility. Given the concentration of stimulus expectations and key event risk for the UK, GBPJPY is at the top of the list for potential market-movers. However, we should also watch the Kiwi dollar after surprise comments from the RBNZ Governor and EURUSD as it makes its move back above 1.3400. We talk about these and other pairs in today's video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.