The Yen that remains anchored around 110.00 following very dovish commentary from BoJ’s Katoaka.
To recap, he stated that given economic developments bolder steps on monetary policy are needed, including an increase in bond buying to push short and long term rates down. Lots of pressure is now building up with this pair.
Watch out for more manipulation followed by a large break out pattern.
To recap, he stated that given economic developments bolder steps on monetary policy are needed, including an increase in bond buying to push short and long term rates down. Lots of pressure is now building up with this pair.
Watch out for more manipulation followed by a large break out pattern.