Monday, 28 March 2016

XE Market Analysis: North America - Mar 28, 2016

Yen weakness was the main theme in town in thin trade with market centres closed for public holidays in Australia, New Zealand, and Hong Kong, and most of Europe. EUR-USD has so far posted a 20 pip range, of 1.1153-73. USD-JPY, meanwhile, rose to a 12-day peak at 113.68, and EUR-JPY a two-week high, at 126.88. This comes with markets anticipating extra stimulus from the BoJ, juxtaposed to a flow of hawkish-tilting Fedspeaak over the last week and uncertainty about the future course of ECB policy.



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