Daily Fundamental Analysis - 21/01/2015 The #yen rebounded against the #dollar on Wednesday after the Bank of Japan stood pat on monetary policy, as speculators who had anticipated more easing covered their short yen positions. The #BOJ refrained from expanding its bond-buying stimulus programme, opting instead to expand loan schemes aimed at boosting lending. It also cut its inflation forecast to 1.0 percent from 1.7 percent in the wake of slumping #oil prices. With the markets having pushed back their forecasts for when the Bank of England will raise rates, the minutes of the central banks latest meeting, also due at 0930 GMT, were in focus too. #Sterling was little changed at $1.5163 after gaining about 0.3 percent overnight to rise further from a six-month trough of $1.5034 struck earlier in the month. Read More : https://olofx/posts/dailyfundamentalanalysis/2015/01/21
Posted on: Wed, 21 Jan 2015 07:38:28 +0000
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