Yellen’s comments | Current Sentiment

Posted On 30 Mar 2016

Tag: USD

There is no trade call for the session. There was no notable news during the Asia-Pacific session. USDJPY is down 160 pips from yesterday’s highs. The London session is also very light on data.

Current Sentiment:

Yesterday’s NY session saw a dovish Yellen; citing downside risks and lower inflation expectations. The USD sold off accordingly and dollar weakness is likely to remain in play heading into NFP. Yellen’s comments have neutralized hawkish comments from other Fed officials since the March meeting.

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