{"id":11207,"date":"2010-07-20T09:41:46","date_gmt":"2010-07-20T13:41:46","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=11207"},"modified":"2010-07-20T09:41:46","modified_gmt":"2010-07-20T13:41:46","slug":"investors-cautiously-await-boj-statement","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/20\/investors-cautiously-await-boj-statement\/","title":{"rendered":"Investors Cautiously Await BOJ Statement"},"content":{"rendered":"<p><span style=\"text-decoration: underline;\"><strong>By\u00a0<strong> <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                               Yard<\/a><\/strong><\/strong><\/span> &#8211; The U.S. dollar edged lower against the yen throughout morning  trading today, following a drop in risk taking ahead of a key  announcement from the Bank of Japan (BOJ).  Investors are cautiously  awaiting a decision on whether the BOJ will intervene to limit yen  growth.  Japan is an export driven economy, meaning a strong yen limits  the volume the country is able to sell.  USD\/JPY, currently trading  around the 86.85 level, is still fairly close to the 7-month low the  pair hit last week.  The greenback appears to be fairing slightly better  against the euro.  EUR\/USD has dropped some 100 pips since this  morning, and is currently trading around the 1.2900 level.<\/p>\n<p>In addition to the BOJ statement, traders will want to pay attention to  the U.S. Building Permits report at 12:30 GMT as well as the Bank of  Canada Rate Statement at 13:00 GMT.  The U.S. economy has seen a string  of negative news events over the last few weeks.  Should the new  building permits number come in above the forecasted 0.57M, the  greenback could stage an afternoon rally against the yen. Analysts are predicting the Bank of Canada to raise overnight rates from  0.50% to 0.75%.   If true, the loonie will likely see some gains  against its main counterparts in afternoon and evening trading.<\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by<span style=\"text-decoration: underline;\"> <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                              Yard.<\/a><\/span><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                              may not be suitable for all investors.  There    is  a              possibility      that     you   could  sustain a  loss   of  all   of    your         investment and       therefore  you        should   not    invest   money  that   you       cannot afford to         lose. You    should    be      aware of   all    the    risks      associated with     Foreign      Exchange    trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0 Forex Yard &#8211; The U.S. dollar edged lower against the yen throughout morning trading today, following a drop in risk taking ahead of a key announcement from the Bank of Japan (BOJ). Investors are cautiously awaiting a decision on whether the BOJ will intervene to limit yen growth. Japan is an export driven economy, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/07\/20\/investors-cautiously-await-boj-statement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Investors Cautiously Await BOJ Statement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11207","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=11207"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11207\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=11207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=11207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=11207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}