Forex Top Team

There are also speculations about the Bank of Japan due to the unexpected rate hike of the Swiss central bank, which is spreading yen buying

In the early part of London, the movement to buy yen is spreading. The Swiss central bank has announced that it will raise the policy interest rate by 50bp from the previous minus 0.75% to minus 0.25%. Surprise franc buying is spreading due to an unexpectedly large rate hike. European stocks have plummeted, and there is pressure to buy yen and buy dollars to avoid risk.

It is also pointed out that the market is likely to have more speculation about policy fine-tuning at the timing of the announcement of the results of the BOJ decision meeting tomorrow.

The Swiss central bank rate hike, which is one step ahead of the EUR, is a considerable surprise.

Tonight, I’m looking to buy CHF.

I don’t think the JPY can move as aggressively as Switzerland, but if there is no interest rate hike, the JPY may be sold strongly tomorrow, so tomorrow’s BOJ policy rate is paying attention.

Yesterday’s AUDUSD buy was already stopped by the FOMC wave. Currently no position.

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