IronFX Daily Commentary by Charalambos Pissouros | 14/09/2016
September 14, 2016 8:10 am
• A Nikkei report on the BoJ causes the yen to slide • A report yesterday suggested that the BoJ plans to make negative interest rates the centrepiece of its future easing. • This came as a surprise, following last week’s reports that the BoJ was divided on its policy direction. • USD/JPY rose notably, also boosted by a weak US 30-year bond auction. • The pair could continue higher ahead of the BoJ and FOMC meetings, supported by speculation for BoJ easing. • Today: • UK: Jobs data for Jul. Unemployment rate is exp. to stay unchanged and avg. weekly earnings to slow. This could bring GBP under renewed selling interest. • Eurozone: Industrial production for Jul. but this is usually not a major market mover. • Speakers: European Commission President Jean Claude Juncker will deliver his annual State of the Union address to the EU parliament.
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• A Nikkei report on the BoJ causes the yen to slide
• A report yesterday suggested that the BoJ plans to make negative interest rates the centrepiece of its future easing.
• This came as a surprise, following last week’s reports that the BoJ was divided on its policy direction.
• USD/JPY rose notably, also boosted by a weak US 30-year bond auction.
• The pair could continue higher ahead of the BoJ and FOMC meetings, supported by speculation for BoJ easing.
• Today:
• UK: Jobs data for Jul. Unemployment rate is exp. to stay unchanged and avg. weekly earnings to slow. This could bring GBP under renewed selling interest.
• Eurozone: Industrial production for Jul. but this is usually not a major market mover.
• Speakers: European Commission President Jean Claude Juncker will deliver his annual State of the Union address to the EU parliament.
Join us for more technical and fundamental analysis: http://www.ironfx.com
To get the latest Forex trading news you should:
• Download the IronFX Research app: http://goo.gl/jhQIxO
• Like us on Facebook: https://www.facebook.com/IronFX
• Follow us on Instagram: https://www.instagram.com/ironfx
• Follow us on LinkedIn: https://goo.gl/wSEbPN
• Follow us on Twitter: https://twitter.com/IronFXGlobal
• Circle us on Google+: https://www.google.com/+Ironfxglobal
• Subscribe to our Channel: http://bit.ly/1foFmCU
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