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Daily Forex Snapshot: 1-27-2012

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Forex - Yen Appreciates Despite Noda’s Warnings

G10 Advancers and Decliners vs USD
JPY0.51
GBP-0.15
CHF-0.41
EUR-0.43
Since Wednesday’s exceedingly dovish Fed meeting, US bond yields have been under downward pressure and in turn we have seen USDJPY selling off sharply – reversing most of the gains made earlier in the week. This is not the direction that Japanese policymakers want to see the currency pair heading, as their discomfort with yen strength has been apparent for some time. Japanese Prime Minister Noda...
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Daily Forex News & Commentary: 1-27-2012

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Swiss KoF Goes Negative

USD selling continued for the majority of yesterday’s session. EM & commodity currencies have been a primary recipient to inflows. USDTRY sank to 1.7862, while USDRUB gapped lower at the open and proceed to fall to 30.1811. The impetus seems to be the residual effect of the FOMC meeting where Mr. Bernanke announced it would be nearly 3 years before hikes (he also indicated that selling of...
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Today's Economic Calendar
Time UTC   Definition Value Name Actual
08:00 KOF Swiss Leading Indicator Level -0.17 %
09:00 EMU M3 Money Supply M3-Y/Y 2.1 %
10:30 KOF Swiss Leading Indicator Level  
13:30 USA GDP Real GDP - Q/Q change - SAAR 2.8 %
14:55 USA Consumer Sentiment Sentiment Index - Level 75
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