The markets
were caught completely off guard early on Thursday as the Bank of Japan
decided to leave their policy on hold
Expectations were that the BOJ would add some new measures,
but instead they pushed the timeline for its inflation target objective to 2017
and these actions triggered a heavy round of stop loss selling in the major
pair, tripling its average daily range movements.
Today's news makes it clear that the BOJ would allow time
for their recently stimulus and negative rates more time and to see their
impact before considering fresh measures.
Economic data is the most influential aspect of trading Forex online, and all traders are advised to keep up-to-date with the latest news, upcoming events and news stories around the world.
Trade the major FX Pairs with the lowest Forex spreads from o pips and the lowest ECN trading costs.
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