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USD/JPY Ignores Kuroda Threats, EUR/USD Keeps Trend

USD/JPY Ignores Kuroda Threats, EUR/USD Keeps Trend

John Kicklighter, Chief Strategist

Are the FX markets ignoring the same fundamental catalysts that had carried USDJPY and EURUSD trends for the past three months? Monday morning, BoJ Governor nominee Kuroda was questioned by parliament on what his approach would be if he were in control. His rhetoric offered the proper level of escalation to drive the yen crosses on to new multi-year highs, but USDJPY and its counterparts were unfazed. On a similar front, the balance between the ECB stimulus outlook and the return of the Eurozone financial fears couldn't break the congestion on key euro pairs including EURUSD and EURGBP. We discuss the importance of these themes and what it means for trading in today's video.

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