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JPY pairs dominate, USD buying momentum gathered

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Friday’s events were dominated by the surprise BoJ ‘rate cut’ to negative territory – first time ever. JPY pairs dominated, but USD buying gathered momentum later in the day Plenty of headwinds in the FX markets today, though overwhelming led by JPY selling in the wake of the BoJ surprise move; cutting the deposit rate to -0.10%. USD/JPY was ramped up from the mid 118.00’s to highs around 121.40-45, but London came in to more tempered levels in the mid-up 120.00’s. Choppy stocks/oil deterred a

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