Asian stock
markets have open to the upside as investors and traders wait for the results
of the two day meeting of the FED, which starts this Tuesday. The market is
going to be very attentive to the press release by the FED, searching for clues
as to when will the FED raise its interest rates. The FED has said that
interest rates will not probably go up until 2015, but due to the fact that the
economic data from the United States has been coming out better than expected;
there is a probability that rates could go up before that time.
In the meantime,
the Nikkei has risen 0.4% up to now, following the higher openings for the most
part of Asia. The Yen falls due to the inverse correlation with the Nikkei.
That is why when the Nikkei rises, the Yen falls.
Very interesting article, thank you!
ReplyDeleteExcellent post! Thanks for sharing your view.
ReplyDeleteYes, Yen falls almost against all major pairs.
ReplyDeleteLovely article.
ReplyDeleteA potentially market-moving event.
ReplyDeleteVery interesting article
ReplyDeletethat was a good conference
ReplyDelete