Kickstart the North American FX session. The USDJPY is the big mover. The EUR and GBP are down modestly
Happy Labor Day to those traders in North America. Although the US stock and bond markets are closed , the forex market is up and alive. The overall bias is to the downside with the USD is moving lower led by an oversized decline vs the JPY of -1.15% leading the declines. Some catalysts for the move: BOJ rate-hike expectations: Markets increasingly expect the Bank of Japan to raise rates by 25 basis points next week, with another potential increase later this year.
Related Symbols:
USD
EUR
GBP
JPY
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