Monday 14 March 2016

XE Market Analysis: Asia - Mar 14, 2016

The dollar traded mixed inside of relatively narrow ranges in N.Y. trade on Monday, as it appeared the market began to gear up for tonight's BoJ policy announcement, and Wednesday's FOMC announcement. Yields were bit easier, while Wall Street lagged European gains. EUR-USD idled between 1.1135 highs and a low of 1.1091, while USD-JPY opened near 113.80, before falling back into 113.55 lows. The BoJ is not expected to shift its policy stance, though any hints from Kuroda's press conference will be eyed.



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