FXMarketAlerts Team
FXMarketAlerts
Published at 12:38 (GMT) 22 Jan
Getting closer to the ECB announcement, USD/JPY is heading to fresh session lows around 117.45, some 30 ticks shy of the lows seen yesterday. Interestingly, EUR/USD is pushing higher, and we suspect stocks and the EUR will have differing 'views' on how a Eur 50bln/month result will be received. The Dax is trading in small negative territory on the day, but given we have seen fresh record highs in recent sessions, there is little we can glean from this as yet. We see an announcement of the above will see a very brief upturn from the algo community, but we suspect it will not be long before the larger market registers its disappointment.
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