Japan BoJ Interest Rate Decision remains at 0.1% in Apr 4
Apr 4, 2013
Forex: EUR awaits ECB frozen near 1.2850
The Euro found a compromise between 1.28 and 1.2850 so far this week, as traders have been largely sidelined ahead of today's big risk event in the form of the European Central Bank Monetary Policy announcement.
After a long waiting period since the official delivery time, BoJ has finally released the monetary policy statement, and USD/JPY spikes from near session lows at 92.90 to current session highs at 93.35 and moving higher. The pair is still -0.8% lower for the week so far, while Nikkei -1.12% for the day.