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Pound and euro both lower on yen demand

Discussion in 'Technical Analysis' started by ForexLive, Oct 28, 2015.

  1. ForexLive

    ForexLive Forum Member

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    There's a little bit of everything going on today but it seems that BOJ is holding court instead of the FOMC The yen is gaining across the board and it's playing out in the majors too. Bloomberg note that a JPY trade weighted index is close to levels last seen when the BOJ eased last October. The Deutsche Bank index is up 0.64% to 103.93, close to the 104.24 we saw at the close 31st Oct 2014. JPYUSD accounts for 47% and JPYEUR 39% of the TWI

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