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Forex Weekly Outlook April 8-12
In one of the more exciting weeks in currency trading, the US dollar reached new highs only to fall later on, and the yen plunged. The upcoming week features Ben Bernanke’s speeches, FOMC Meeting Minutes, US Retail sales among the major events. Here is an outlook on the market-movers awaiting us. In Japan, the new governor delivered big time: Kuroda announced a comprehensive set of measures, and the yen reacted with a big plunge across the board. The 100 level for USD/JPY is getting closer. In Europe, Draghi whipsawed the market by initially hinting a rate cut only to suggest very firm words. EUR/USD hit new lows ... (full story)