Japanese Yen Analysis: BoJ Minutes, US Credit Downgrade Cools Yen Selloff
The Japanese Yen gained some lost ground after minutes of the BoJ meeting provided clarity on policy intentions. US credit downgrade having little impact for now
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The Japanese Yen gained some lost ground after minutes of the BoJ meeting provided clarity on policy intentions. US credit downgrade having little impact for now
The Federal Reserve interest rate decision is likely to sway EUR/USD as the central bank is widely expected to normalize monetary policy at a faster pace.
The four-day rally in AUD/USD appears to be stalling as the exchange rate struggles to test the yearly high (0.7441).
USD/JPY may consolidate ahead of the update to the Consumer Price Index (CPI) as the exchange rate tracks the January range.
The widening interest rate outlook between Sterling and the Euro continues to weigh on the pair, bringing new multi-year lows into view.