China NBS Manufacturing PMI came in at 50.8 below forecasts (51.1) in October
Oct 31, 2014
Session Recap: When money comes from Japan; EUR/USD at 14-month low, USD/JPY 7-year highs
Big news today at 4:30 pm Tokyo time; 3:30 am time in New York: The Bank of Japan announced a surprising expansion of its monetary easing program from ¥60-70-trillion to a total of¥80-trillion annually. The market went wild; EUR/USD dropped to 14-month lows, USD/JPY and Nikkei climbed to nearly 7-year highs.