Strong rallying and good closes for the US markets and for the Nikkei. Main drivers are BOJ comments and Fed-nominee Yellen speech.
For the first time in a while the matrix has again got a distinct strong group – EUR and GBP on 12 each and NZD on 11, and then another set of currencies CHF, USD, AUD on 7, 6 and 5 respectively and finally CAD and JPY on 3 and 0 respectively.
Still, there are only half a dozen pairs in S1 or S2 environments.
BOJ says that they will use FX intervention tools if need be – this triggers further weakness in Yen pairs throughout Thursday’s trading session.
- There were no S3 setups for the FX pairs or the equity indices.
- There were no STAM setups on FX (did not check thoroughly for the equity markets).