XE Market Analysis: Europe – Oct 27, 2016

EUR-USD oscillated around 1.0900 and USD-JPY around 104.50 in mostly eventful forex trading ahead of the London open. USD-JPY has run out of puff after logging a three-month peak at 104.87 on Tuesday. EUR-JPY and other yen crosses have seen a similar price action. BoJ Governor Kuroda appeared before parliament today, where he said that any attempt to weaken the yen would be forex intervention and that there are still sufficient government bonds in the market for the central bank to buy as part of its ongoing QQE program. The BoJ meets on policy next week, where the consensus view…

Source: XE news feed
XE Market Analysis: Europe – Oct 27, 2016