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BOJ ♥ Banks, CAD in focus

In the bottom line, Draghi did not rock the boat too much for the euro. The same range is not expected to be challenged on today’s Eurogroup meetings or PMIs. However, another major pair certainly broke out of range: USD/JPY shot up 100 pips and could remain very volatile for another week after the report about the BOJ opening the door to paying banks. For the close of the week, the focus is on the Canadian dollar: in addition to oil prices, we have a double-feature release of inflation and retail sales. Will the strong loonie hurt the economy?

Wrap up of the morning show for April 22nd 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.