The big news this morning comes from Japan – the BOJ reduced the interest rate to 0.1% – quite symbolic. Japanese Yen traders aren’t used to see moves in interest rates – this is the second one in the recent two months. The Bank of Japan also announced that it would flow some cash into the financial establishments. This caused a decline in stock markets in Asia. The statements that were released by the BOJ weren’t dowish enough – USD/JPY is at 88.75. The dollar made gains in the last hours against all currencies apart from the Yen. Volatility in the Forex market has increased in the last days. The Euro and the pound made big gains and big losses. These events this week, were mostly the result of the big move by Bernanke – interest rate cut of 0.75% to 025%. The greenback was hit badly, but later retracted very nicely. Today, Friday, doesn’t feature too much economic data. Germany’s PPI (m/m) came out lower than expected – a drop of 1.5%, a sharper drop than 1.0% which was the consensus. In Britain, the Revised Business Investment (q/q) also came out lower than expected at 1.3%. This doesn’t seem to affect the GBP/USD, that already lost ground before, currently at at 1.5033. Only in Canada, some more major news is expected: The Canadian Core CPI (m/m) is expected to show a decline of 0.2%. USD/CAD is at 1.2349. It’s a quiet day today in the United States, just before entering the week of Christmas. 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. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next Yen expected to dive following the Budget Proposal Yohay Elam 13 years The big news this morning comes from Japan - the BOJ reduced the interest rate to 0.1% - quite symbolic. Japanese Yen traders aren't used to see moves in interest rates - this is the second one in the recent two months. The Bank of Japan also announced that it would flow some cash into the financial establishments. This caused a decline in stock markets in Asia. The statements that were released by the BOJ weren't dowish enough - USD/JPY is at 88.75. The dollar made gains in the last hours against all currencies apart from the Yen. Volatility in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.