29th April 2016

We saw heightened volatility in the markets on Thursday, one day after the Fed’s policy statement came out, but the Fed’s deliberations had little to do with the market fluctuations. Instead, it was the Bank of Japan that stirred things up earlier in the day after it said that it would leave monetary policy unchanged, blindsiding investors who had been expecting further easing. We also think that a host of stops exaggerated the yen’s moves, since this was the currency’s biggest daily rise in some five years. The dollar also lost ground against both the Euro and sterling on Thursday, although it’s losses were not as dramatic as that of the yen. 

News article attributed to www.bulliondesk.com