After our attention was attracted by JPY in the end of last week, it is now hard to turn a blind eye to the possible changes in the policies for Japanese yen. And trust me, there are bound to be changes. Although today is not very important for USD/JPY couple, we are still thinking about the future of its trading. And so does the Bank of Japan.
BoJ started talking about the possible future stimulus need for the national currency of Japan. After all, inflations rates are not standing still and there are measures that need to be taken in order for them to be under control. And of course BoJ is the institution to control them in Japan. The only thing here is that any additional stimulus is going to scare traders away for sure. Although today it doesn’t seem like JPY needs in more investors – the couple is falling, which means that JPY momentum is stronger than that of dollar’s.
How long will that last? Well. That is the question that we are going to be able to answer tomorrow only – today USA are on holiday, which means that there are not going to be as many American traders and that USD is going to be a bit calmer.
Use our trading signals to see which couple are going to be affected by USD holiday today.