The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
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The U.S. Dollar held close to a multi-year peak versus the Japanese Yen following the release of the most recent minutes of the U.S. Federal Reserve’s Federal Open Market Committee wherein the Fed indicated that there was the likelihood that the current open-ended asset purchases would be scaled back by year’s end.
The Japanese Yen held close to a multi-year low versus the greenback during Wednesday’s trading session though currency analysts expect that the Yen is likely to breach the 100.00 Yen barrier level in the near term given the new and aggressive direction that the Bank of Japan has promised to take.
The Japanese Yen edged broadly lower as investors found little reasons to hold onto the currency with the knowledge that the Bank of Japan intends to aggressively tackle the country’s deflationary status.
With a new and seemingly determined composition of its policy setting board, analysts believe that the Bank of Japan is likely to begin purchasing longer-dated sovereign bonds immediately, which resulted in the currency’s swift and broad fall during the Asian trading session.
The Japanese Yen fell hard and broadly on Thursday following the Bank of Japan’s announcement of new and aggressive easing measures which took market players by surprise by their extent.
Two of the world’s major central banks are poised to announce their monetary policy decisions later today and investors are wary of the respective currencies’ movement in the moments which will follow the news.
The Japanese Yen edged lower against its main rival, the U.S. Dollar as investors await a monetary policy decision from the Bank of Japan which could result in the further weakening of the Japanese currency.
US stocks fell on Monday on fears that decreased manufacturing activity will show an overall slowdown of the nation’s economy in the coming quarter, if not longer.
As the second quarter of the year began, the pressure on the common currency Euro continues with the EUR/USD pair holding close to a recently struck 4-month low on growing worries that the bailout terms for Cyprus have set a dangerous precedent for the other troubled Eurozone nations which might decide to consider similar terms for future bailouts.
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In light trading due to the Good Friday holiday, the Euro once again held close to a multi-month low against the greenback as investors consider the potential risks to the Eurozone banking system as a result of the controversial bailout terms for Cyprus and the growing uncertainty stemming from Italy’s political deadlock.
A new election may be called in Italy, which may impact the markets in more ways than one.
The Euro held close to a 4-month trough against the greenback after investors fears were ratcheted up a notch in the wake of the Cypriot bailout deal. The concern is that future bailout terms for other highly indebted Eurozone nations might include such onerous conditions as those currently seen in Cyprus which includes taxes on bank deposits.
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Sign up to get the latest market updates and free signals directly to your inbox.Investors became worried that the Cypriot bailout plan would set a dangerous precedent for other fiscally troubled Euro-zone nations and sold off their holdings in the Euro which sent the common currency to a 4-month low against its main rival, the U.S. Dollar.
The Euro surged higher against the U.S. Dollar and Japanese Yen during Monday’s Asian trading session following the news that Cyprus had met the E.U.-imposed deadline and was able to hammer out details for a desperately needed bailout loan which could prevent a financial breakdown.
Surprising market players, the new governor of the Bank of Japan did not move to hold an emergency meeting of the policy setting committee as had been widely expected, which resulted in the steadying of the Japanese currency during the Asian trading session.