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Market Talk

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 1, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    After an initial opening surge in the Nikkei, briefly topping 17k, sellers appeared and drove prices lower to close the day -0.7%. The JPY was weaker throughout the morning session but had also turned stronger to balance the Nikkei swing. With the 10yr JGB having turned negative recently, this will squeeze banks and foreigners in playing in the Yen markets. Come Q2 could well be the start of dealers jumping back on the Yen carry trade and especially if the currency recovery has just finished.

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