Current Market Sentiment | BOJ Intervention

Posted On 23 Feb 2016

There is no trade call for the London session, however our bearish bias for sterling remains intact. Ahead we have German GDP, German Ifo Data, UK Inflation Report Hearings and a speech from SNB’s Jordan. Learn more about upcoming this week’s risk events here.

Current Market Sentiment:

There was no important data during the Asian session. The yen strengthened as Asian stock indices remained largely in the red. USDJPY fell 105 pips on the session before spiking rapidly 50 pips from the 112 handle which is almost certainly the result of intervention from the BOJ.

The post Current Market Sentiment | BOJ Intervention appeared first on Jarratt Davis.

Source:: Current Market Sentiment | BOJ Intervention

About the Author

Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"]www.facebook.com/JarrattDavisForex/[/social] [social type="twitter"]https://twitter.com/jarrattdavis[/social] [social type="google-plus"]https://plus.google.com/+JarrattdavisForexTrader/[/social] [social type="youtube"]https://www.youtube.com/user/JarrattDavisForex[/social]