Daily economic digest from Forex.ee

Daily economic digest from Forex.ee

Stay informed of the key economic events 

Wednesday, February 8th

The dollar/yen pair is showing pretty volatile trades this Wednesday on the back of recent news from the BoJ. The pair reached its maximums in Asia at 112.52 spot, as the Bank of Japan announced about expansion of its bond buying program. However, pair’s upside rally was short lived, as plenty of offers, based on dollar’s weakness, absorbed the demand and the pair dropped to its overnight lows, marked at 112.04. Currently the pair is trading around the level of 112.40, as the US currency has regained its bid tone, while the market stays influenced by recent headlines related to CB of Japan. During this day the pair will continue to trace USD price dynamics and global RO-RO trend amid data-quiet Wednesday’s docket.

The post Daily economic digest from Forex.ee appeared first on forexnewstoday.net.