The monthly FED FOMC meeting is scheduled for today at 18:00 GMT. As we said on the daily blog article yesterday, the FED are broadly exüected to hold still this time. No one expects them to hike interest rates today and the miss in the durable goods orders yesterday reinforced this scenario. Yet, the market is kinda nervous, you can feel it, neither the buyers nor the sellers have the guts to push the price in their direction. I guess they´re just staying on the sidelines just in case there are any surprises.
USD/JPY has been trading sideways in the last two days in expectation of the FED and BOJ meetings
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
ABOUT THE AUTHOR
See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles
Comments
Subscribe
Login
Please login to comment
0 Comments
Oldest
Sidebar rates
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals