Forex news and economic data headlines during the European session 29 April 2016
Shhh. Keep it to yourself that the wrap is late today 😉
Where do I begin? Same sh*t, different day for yen pairs. Swap the big figures over from yesterday and we almost have a mirror image. Japan may have been having a day off but the rest of Asia wasn’t. Stocks were lower and the sentiment from Thursday remained in place today. With the reduced liquidity, and half a thought that Kuroda might have been at his local fishing hole instead of in front of his trading platform, we woke up to USDJPY flapping around the 107 area. 107 put up a fight, as 108 did yesterday, 107.50 marked the top, as did 108.50 yesterday. We’ve had a dip under 107 but that was fleeting and we’re back mooching around above 107.
Forexlive European FX News wrap: Europe awakes to another yen driven bloodbath
