Sun. Jul 25th, 2021

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

Bank of Japan’s policy decision

1 min read

Yen

Traders are seeing Bank of Japan announcing any new stimulus this week. The central bank is trying to maintain the yield curve control policies as well as negative rates.

The most important headline for the week is about the downsize of ETF purchases as stocks are getting choppy recently. Bank of Japan’s Governor Kuroda is giving a presser after the official statement is released.

All eyes are now on USD/JPY, how it will respond to the U.S. yield curve. Biden’s inauguration and earnings reports in the U.S. might effect its intraweek trends and affect the rest of the yen crosses.

JPYs price action will be continued to be affected by the coronavirus lockdown and recovery concerns. Few other things that might dominate the safe-haven yen are Policy decisions by the Bank of Canada (BOC) and European Central Bank (ECB), as well as PMI releases from the U.S., U.K., Eurozone, and Australia.

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.