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BoJ Surprises, Confuses the Market

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Yen was on a wild rollercoaster ride throughout the week, first as the Fed increased rates, followed by the BoJ causing plenty of confusion after their monetary policy meeting. The end result is that the BoJ has expanded its asset purchase programme to include ETF but it was not the stimulus injection the market first thought it was. The holiday period could see further wide swings as volatility dries up. The Yen traded in a 320 pip wide range in a week that saw both the FED and the BoJ

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