Daily News | BOJ at a loss

We are in the middle of the global binary options trading week, with news bombarding us left and right, all of which could potentially influence the market. But fear not, because this Wednesday, just like every other day, we will help you wade through this info and make the best trades possible! First, we turn to the Japanese yen. The currency remained mostly stable, hovering at $0.0098, which could be an indication of the general uncertainty being felt from the Bank of Japan. Most traders doubt that the BOJ will be able to significantly weaken the yen at their next meeting and even trade has been choppy, so trade the yen with caution. BOJ has shown over the last few weeks that it can be very hesitant, so let’s just wait and see what they come up with.

Now, let us look at the US dollar. In the same period, the USD increased in value from €0.8945 to €0.8956. This happened largely due to the fact that Wall Street was up this Tuesday, helped by healthcare stocks. However, US housing starts appear to have fallen more than expected in August, after nearly two straight months of significant increases. But the healthcare sectors helped US equities come out on top, making yesterday an overall positive day for the economy and, in turn, the currency. Be sure to check what tomorrow brings in our daily coverage of global markets!

Daily News | Test your skills for free

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Author: Max Rothstein
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