8 Apr 2014
Little to trade on for FX Markets today - Danske Bank
FXStreet (Barcelona) - Allan von Mehren, Chief Analyst at Danske Bank comments that there is little to trade on today in the FX Market.
Key Quotes
“As widely expected Bank of Japan left its monetary policy unchanged this morning. The outcome was as expected and the effect on the JPY has been relatively modest. We still look for a higher USD/JPY in Q2.”
“Remember, BoJ has a new opportunity to ease monetary policy in just three weeks. The next BoJ meeting is on 30 April.
“Today there is little to trade on for the FX market. The Fed speeches will be scrutinised to get more insight into Fed thinking but EUR/USD seems stuck in a very tight range today.”
Key Quotes
“As widely expected Bank of Japan left its monetary policy unchanged this morning. The outcome was as expected and the effect on the JPY has been relatively modest. We still look for a higher USD/JPY in Q2.”
“Remember, BoJ has a new opportunity to ease monetary policy in just three weeks. The next BoJ meeting is on 30 April.
“Today there is little to trade on for the FX market. The Fed speeches will be scrutinised to get more insight into Fed thinking but EUR/USD seems stuck in a very tight range today.”