USDJPY dipped early Friday on widely expected BoJ rate hike by 25 basis points, but the weakness was so far short-lived, despite interest rate rising to the highest in 17 years. Subsequent bounce (approx. 100 pips) suggests that the dollar remains well supported, particularly by wide gap between the monetary policies of Fed and BoJ. […]
Markets This morning, the PBOC surprised markets with a much bigger than expected 25 bps cut of the 5-year prime loan rate (3.95%) aiming to support the real estate market and hopefully also helping to provide some oxygen (and confidence) for broader economic activity. However, the market reaction in China and abroad was lukewarm. For […]
The post Sunset Market Commentary appeared first on Action Forex.
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