Trading plan for 16/06/2017:
Bank of Japan left the monetary policy parameters unchanged while inflation expectations remain weak despite improving economic conditions. As a result, JPY is the weakest currency from the G10 basket and is the only one losing to the dollar. The strongest are risky currencies – AUD (+0.15%), GBP, and NZD (+ 0.1%). The US dollar is gaining ground across the board again.
On Friday 16th of June, the event calendar is busy with important economic news. Eurozone will unveil the Consumer Price Index, Russia will present Key Bank Rate decision, and Canada will post Foreign Securities Purchases. The US will publish Building Permits, Housing Starts, and Michigan Consumer Sentiment Index.
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