EUR/USD and USD/JPY in Focus with Sequester, ECB, NFPs, BoJ Ahead
The Sequester landed just after the markets closed Friday; and so the S&P 500, EURUSD and yen crosses will be on risk watch from the start with Monday's open. But, will this economic blow to the world's largest economy stir the same level of action from risk aversion that the Fiscal Cliff resolution encouraged for risk appetite? Furthermore, how should we plan for risk trends with a docket that is loaded with key event risk like testimony from the next BoJ Governor, the ECB rate decision and February NFPs amongst other catalysts? We discuss this and more in the weekend video.
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