Forex trading news and economic data headlines 16 March 2017
There’s an air of hangover around FX markets today after the Fed moves yesterday. USDJPY had been sitting in a pretty tight range between 113.13 and just shy of 113.50 and the BOJ meeting didn’t produce any action either. The only move of note was during the Kuroda presser when he mentioned that there was some range on the yield target. There was no further detail and the comment came at the end of his presser so there may have also been some comment anticipation disappointment. The move saw USDJPY dip 9 pips under 113.00 with more pronounced moves in the yen crosses. It didn’t take long to completely reverse those, nor make new session highs in most cases.