Japanese Yen Crushed as Bank of Japan Disappoints, Policy Settings Left Unchanged

The Japanese Yen weakened after the Bank of Japan disappointed markets in January by leaving policy settings unchanged, including yield curve control. Where to for USD/JPY?

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S&P 500 Refuses to Break Directional Impasse, USDJPY and USDCNH Depress Dollar Impact

The US markets were back online after another holiday weekend, but their return didn’t translate into clarifty for the likes of the S&P 500 as to whether last week’s charge was a break or temporary swell. With a light US docket ahead, major event risk elsewhere is shaking up FX majors.

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Dow Jones Dragged Down by Goldman Sachs, Nikkei 225 at Risk to Bank of Japan

The Dow Jones 100 underperformed the S&P 500 and Nasdaq 100 after disappointing Goldman Sachs earnings. Ahead, the Nikkei 225 is at risk to the Bank of Japan policy decision.

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USDJPY Implied Volatility Suggests Traders Ready for Fireworks

From its trough against the US Dollar less than three months ago, the Japanese Yen has rallied an incredible 16 percent. This backdrop tempo is combining with anticipation for the BOJ rate decision to project the highest implied volatility reading for USDJPY in six-and-a-half years.

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY

The US Dollar is grasping for support but attention for the early portion of this week will be squarely focused on the Bank of Japan for tonight’s rate decision.

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