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The CHF is the strongest and the JPY is the weakest as the NA session begins

The BOJ defied the market and kept policy unchanged. The market had expected further action designed to slow their quantitative bond buying. That has led to the JPY as the weakest of the major currencies. The CHF is the strongest.

The USDJPY rose close to 350 pips in the 2 or so hours after the decision as traders scrambled to cover shorts in the pair. However, over the last 7-8 hours the pair has retraced around 278 pips to retest the broken 100 hour MA at 128.78 (see blue line in t... Read More

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Posted: Jan 18 2023, 13:18

Author Name: forexlive

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