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Forex Trading Outlook for the Week of February 1, 2016

Forex Trading Outlook for the Week of February 1, 2016

4 Years ago | January 30, 2016 00:00:00

Shock and awe is the best way to describe the reaction to the Bank of Japan negative interest rate surprise. This has seen the JPY move from safe haven to being back on the funding currency list or at a minimum has put a floor under USDJPY. The EURUSD, meanwhile, ended January just slightly lower vs. its 2015 close but the failure to reach 1.10 has kept its upside in check. The week ahead sees a full calendar with the US jobs report a key focus. See my video outlook for key levels to watch,

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