Current Market Sentiment | BOJ Intervention

Jarratt Davis

Special Consultant to the FPA
There is no trade call for the London session, however our bearish bias for sterling remains intact. Ahead we have German GDP, German Ifo Data, UK Inflation Report Hearings and a speech from SNB's Jordan. Learn more about upcoming this week's risk events here.

Current Market Sentiment:

There was no important data during the Asian session. The yen strengthened as Asian stock indices remained largely in the red. USDJPY fell 105 pips on the session before spiking rapidly 50 pips from the 112 handle which is almost certainly the result of intervention from the BOJ.

P.S. - If you want to learn more about how I trade, check out the link below

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