Today the big risk event we faced is the release of FOMC Minutes from Dec 16 and 17 meeting when we could find more details on FED's interest rates timing and FED's view on the policy tightening. Don't expect much more from what we already know:

  1. FED has replaced the "considerable time" stance with "patience" when referring to the timing of the first interest-rate increase.
  2. Yellen has hinted us, when asked about the timing of first rate hike, that FED is not going to hike rates for at least a couple of meetings. Couple =2 so we can assume they are going to hike rates from their March meeting going forward.

I'm expecting volatility to stay at elevate levels at least on the yen crosses for the entire day.


Best Regards,
Daytrader21
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