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BoJ Sets Negative Interest Rate; Oil above $35.00

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The U.S. dollar depreciated more than 1% versus most of the majors on Thursday and early Friday as the U.S. durable goods contracted more than expected and the commodity currencies rose on the back of the rising oil prices that managed to surpass $35.00 per barrel!The only exception is the Japanese yen that slumped versus the U.S. dollar as the Bank of Japan surprised the market switching to negative interest rate monetary policy! The U.S. durable goods decreased by 5.1% in December, the

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