ORBEX: BOJ Triggers Yen Longs, All Eyes Turn to Davos WEF Though

The BOJ held interest rates unchanged overnight, however, the policymakers decided to push 2020's growth forecast up on the back of the sales tax introduced back in October. Yen was supported overnight, offering some USDJPY shorts.

Markets wait for the UK’s jobs numbers and also EA’s ZEW release to find intraday opportunities of GBPUSD and EURUSD.

Meanwhile, Trump will speak at Davos' WEF in a few hours on his #impeachment trial opening day. Let's see how this one is going to pan out...

Trade safe

Stavros Tousios
Head of Investment Research
Orbex

This analysis is provided as general market commentary and does not constitute investment advice