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USD/CAD2016-04-28 18:11 UTC

USD-CAD posted fresh 10-month lows of 1.2529 in London morning trade, the move coinciding with oil's advance to near six-month highs. The softer U.S. GDP report saw the pairing move back over 1.2590, though upside should largely be contained if WTI crude can hold the $45 handle. The 1.2500 level is the next obvious support level, followed by the July 1, 2015 base of 1.2476. The pairing later eased to lows of 1.2521, with fresh selling ... Read More 

XE Market Analysis

  • North American Edition2016-04-28 10:34 UTC

    The yen surged in the wake of the BoJ's decision to refrain from easing policy, which resolutely disappointed markets with data today showing core CPI falling to a three-year low of -0.3% y/y, well off the BoJ's 2% target. Japan's Nikkei 225 equity index finished 3.6% in the red having been showing a 1.5% gain ahead of the central bank's announcement. USD-JPY clocked low at 107.93 during the London AM session, extending a 2.5%-plus decline in Tokyo trade, ... Read More 

  • European Edition2016-04-28 06:26 UTC

    The yen surged over 2.5% in the space of less than three minutes following the BoJ's unexpected decision to refrain from easing policy. USD-JPY dove from 111.68 to a low of 108.76, more than reversing the gain seen last Friday following a Bloomberg report suggesting that the central bank would introduce negative-rate loans. No such policy came to be, and the central bank left the deposit rate at -0.1% and the annual pace of QQE purchases at Y80 tln. Yen ... Read More 

  • Asian Edition2016-04-28 18:11 UTC

    Following overnight gyrations, led by USD-JPY, FX trade was relatively calm through the N.Y. session on Thursday, with major dollar pairings largely stuck inside of narrow ranges. Wall Street stumbled on the back of a softer GDP report, though yields moved up from session lows. EUR-USD moved between 1.1359 highs and 1.1311, as USD-JPY attempted to rally, peaking at 108.73 before falling back into 108.00 as stocks faded. USD-CAD eased into 1.2521 lows as ... Read More 

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