We closed April with some elevated volatility. USD/JPY lost more than five cents in the last two trading days. Today looks like the waters have calmed though. The range in most pairs has been very tight so far. The economic data is pretty light today and London is closed due to the Labour Day or May 1st Day so we don´t expect much action during the European session. We´ll see if the US traders will liven thing up when they enter the market.
USD/JPY has only moved 50 pips up and down this morning, comparing to 550 pips in the last two days
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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.
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