Friday 29 January 2016

The dollar strengthened positions after the BOJ decision

On Friday, the dollar regained ground against the major currencies, ignoring the weak stats of the United States, published in the previous session, while the Bank of Japan surprised the market announcing the introduction of the policy of negative interest rates, while the later investors awaited the publication of US data on changes in GDP in the fourth quarter.

USD/JPY rose by 1.70% to 120.82.



At the end of the meeting to determine the monetary policy, which took place on Friday, the Bank of Japan announced that they decide to reduce the interest rate to -0.1%, and noted that they intend to reduce the rate in the future if necessary.
Meanwhile, investors monitor the release of the revised data on US economic growth in the fourth quarter, expected later today, after the Federal Reserve failed to provide markets enough information about the paces of the rate rises.

EUR/USD fell to 1.0815.


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