Strategy Video: Central Banks Deciding Euro, Dollar, Pound and Yen Trends
• Monetary policy standings have changed and leveraged huge Yen and Dollar moves
• Ahead, the ECB and BoE are scheduled to weigh in on their own policy decisions
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Central banks are changing the FX landscape again. USDJPY is still soaring in the aftermath of a surprise Bank of Japan (BoJ) stimulus increase and the Federal Reserve's (Fed) stubborn push towards normalization. These efforts are at the extremes of current monetary policy amongst the majors, so the trend influence they will feed is far from over - even if the shock-value volatility has been processed. Meanwhile, the relative scales of policy has new updates coming down the line at a regular clip with key data alongside European Central Bank (ECB) and Bank of England (BoE) rate decisions ahead. Should we expect surprises from these two majors similar to what was dealt by the BoJ last week? If there isn't a 'shock', will these announcements simply prove non-events? We discuss event risk, volatility and trends through monetary policy in today's Strategy Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.