This past week was a brutal one for the U.S. dollar. The greenback traded lower against all of the major currencies with particularly stinging losses experienced against the Japanese Yen and New Zealand dollars. The big story this week was the fact that USD/JPY dropped from 105.60 down below 102 after the Bank of Japan announced a very modest increase in monetary stimulus.
Boris and Kathy Forex Weekly – 1/8/2016 – Majors
This past week was a brutal one for the U.S. dollar. The greenback traded lower against all of the major currencies with particularly stinging losses experienced against the Japanese Yen and New Zealand dollars. The big story this week was the fact that USD/JPY dropped from 105.60 down below 102 after the Bank of Japan announced a very modest increase in monetary stimulus.
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