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USDJPY surges post BoJ, AUDUSD drops on dovish RBA, USD bid ahead of FOMC
JPY was the currency everyone was watching coming into the pivotal BoJ meeting on Tuesday. The BoJ, as widely telegraphed, ended 17 years of negative interest rates, ETF purchases and their yield curve control policy. While a big move from the central bank there was no real surprise, with USDJPY surging to touch on 151, well into the “intervention zone” above 150. chart The US Dollar Index was bid on JPY weakness, seeing DXY briefly rise above 104.00 to a peak of 104.06 in the UK session before paring some gains head of today’s closely watched FOMC meeting. chart AUDUSD dropped to 1 week lows after the RBA ... (full story)