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FX Board: Yen rallies on BoJ confusion – but does move stick?

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Key FX developments today The yen crosses made the most noise today after a huge pump and dump overnight on what was initially read as a new set of measures from the BoJ, but on closer inspection, merely proved to be an insignificant and poorly-understood tweaking of existing QQE measures with no addition to asset purchases. USDCAD sprinted all the way for a touch of 1.400, last seen in 2004, before easing back a bit, after weak Canadian CPI data and another downdraft in oil prices pressured

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