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Yen and Yellen – the extreme version

A balanced statement from Fed Chair Yellen did not help the mood: the safe haven yen is seizing the day and the euro is also moving higher. All the rest are falling. We have another round of both the world most powerful central banker and the world’s safe haven of choice: the second part of Yellen’s testimony comes amid even lower oil prices and a gloomier market mood. Will she throw a bone to markets or stick to the script? And with Japan returning from a bank holiday, will the BOJ move from checking prices to action or not?

Wrap up of the morning show for February 11th 2016:

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.