New BoJ leadership approved by Japan upper house

Japan upper house has approved the new BoJ leadership, formed by Kuroda as governor, with Nakaso and Iwata both as deputies. The Yen reaction is less than meet the eye, moving in a 10-15 pips across the board.

Mar 15, 2013

Forex: AUD/USD stalls at 5-week highs 1.04

Following massive run higher yesterday in AUD/USD post-Aus jobs data, the pair is last at 1.0370 near session lows, off recent fresh 5-week high at 1.0401 printed in early NY trade. The pair is up more than +1.5% for the week so far, the biggest weekly gain since Sept last year. Chances for another rate cut from the RBA are diminishing.

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Mar 15, 2013

Forex: USD/JPY hanging around 96 round post-BoJ nominees voting

USD/JPY keeps glued so far to the 96.00 round level since week started, last at 96.03, off session highs at 96.26, following the Japanese upper house voting yes for all three BoJ nominees. “Still talk in the markets of an ‘emergency’ BOJ meeting sometime next week. Seems unlikely, but can’t be ruled out,” said ForexLive editor Eamonn Sheridan once the nominees have been confirmed. Nikkei index trades above the 11400 points mark, up +0.64% for the day so far.

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