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Mediocre GDP report keeps USD/JPY rangebound, BOJ on tap

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Heading into this week, we suspected that today’s US Q3 GDP report could actually be more market-moving than the more widely-watched Fed meeting. And though that outlook definitively did not play out as expected, the GDP report still provided plenty of new information for traders to digest over the coming weeks. On a headline basis, Q3 GDP grew at a 1.5% annualized rate, just below the 1.6% growth rate expected by economists. However, as experienced traders know, it’s critical to look below

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