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FOREX: BOJ on Hold, Equities Strong End to the Week. 

FOREX
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  • Key event that FX market was watching today was whether the BOJ would move on monetary policy.
  • BOJ did not hike and appeared satisfied with the current setting, indicating it is not hurrying to alter policy.
  • Yen was slightly stronger post the BOJ announcement trading at 142.18 having touched 142 briefly.
  • The YEN has had another strong week, rising 0.94% against the USD.
  • Elsewhere currencies were quiet with AUD, EUR, GBP and KWD relatively unchanged on the day.
  • Having had time to digest the week’s change in policy from the Federal Reserve, market movements post the event had been mostly confined to Thursday’s price action with Friday seeing relatively benign movement into the weekend.
  • This evening’s key data events out of Europe include Retail Sales from the UK, PPI out of Germany and Manufacturing Confidence from France.
  • Bond markets are finishing the week on a stronger note with yields across most major markets moving lower. 
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  • Key event that FX market was watching today was whether the BOJ would move on monetary policy.
  • BOJ did not hike and appeared satisfied with the current setting, indicating it is not hurrying to alter policy.
  • Yen was slightly stronger post the BOJ announcement trading at 142.18 having touched 142 briefly.
  • The YEN has had another strong week, rising 0.94% against the USD.
  • Elsewhere currencies were quiet with AUD, EUR, GBP and KWD relatively unchanged on the day.
  • Having had time to digest the week’s change in policy from the Federal Reserve, market movements post the event had been mostly confined to Thursday’s price action with Friday seeing relatively benign movement into the weekend.
  • This evening’s key data events out of Europe include Retail Sales from the UK, PPI out of Germany and Manufacturing Confidence from France.
  • Bond markets are finishing the week on a stronger note with yields across most major markets moving lower.