OctaFX | OctaFX Forex Broker
Open trading account

USD/JPY a big mover this week - Nomura

Analysts at Nomura explained with the Fed minutes, BOJ exit policy, OPEC and Scandies USD/JPY, has been the big mover in the G10 space this week, approaching the mid-September levels of 111. 

Key Quotes:

"News flow in the US has not been particularly negative – durable goods were a little soft, and while the Fed minutes showed divisions among participants on the medium-term inflation outlook, there was little in terms of new information in the minutes. However, we still believe medium-term negative themes surround the dollar."

"The Fed remains content with market pricing being well below the DOTS, and a heavy legislative agenda risks tax disappointments and even a government shutdown as the budget deadline approaches."

New Zealand Trade Balance (YoY) below forecasts ($-2.705B) in October: Actual ($-2.986B)

New Zealand Trade Balance (YoY) below forecasts ($-2.705B) in October: Actual ($-2.986B)
Read more Previous

This week's focus on UK and Chancellor Philip Hammond’s latest Budget - UOB

In the UK, the focus this week was on the Chancellor Philip Hammond’s latest Budget.  Key Quotes: "Official forecasts for the UK’s economic growth w
Read more Next
Start livechat