{"id":2620,"date":"2013-04-05T09:03:25","date_gmt":"2013-04-05T09:03:25","guid":{"rendered":"http:\/\/www.mycurrencytransfer.com\/blog\/?p=2620"},"modified":"2013-04-08T07:10:20","modified_gmt":"2013-04-08T07:10:20","slug":"bank-of-japans-aggressive-easing-moves-the-markets","status":"publish","type":"post","link":"https:\/\/www.mycurrencytransfer.com\/blog\/bank-of-japans-aggressive-easing-moves-the-markets\/","title":{"rendered":"Bank of Japan&#8217;s aggressive easing move&#8217;s the market&#8217;s"},"content":{"rendered":"<p style=\"margin: 0px; font-size: 16px; font-family: Cambria;\"><span style=\"font-size: 12px;\">Good morning and welcome to today\u2019s foreign exchange market commentary on Friday the 5th of April, 2013.\u00a0<\/span><\/p>\n<p style=\"margin: 0px 0px 7.5px; font-size: 12px; font-family: Cambria;\"><strong>\u00a0<\/strong><\/p>\n<p style=\"margin: 0px 0px 7.5px; font-size: 12px; font-family: Cambria;\"><strong>Here are MyCurrencyTransfer.com\u2019s top 5 currency highlights:<\/strong><\/p>\n<ul>\n<li style=\"margin: 0px 0px 3.4px; font-size: 12px; font-family: Cambria;\">Investors looking to short the yen again.<\/li>\n<li style=\"margin: 2.2px 0px 5.7px; font-size: 12px; font-family: Cambria; color: #545454;\">Euro up ECB give assurance.<\/li>\n<li style=\"margin: 2.2px 0px 5.7px; font-size: 12px; font-family: Cambria; color: #545454;\">ECB signals further rate cuts possible<\/li>\n<li style=\"margin: 2.2px 0px 5.7px; font-size: 12px; font-family: Cambria; color: #545454;\">BOE leaves rate and asset purchases the same.<\/li>\n<li style=\"margin: 2.2px 0px 5.7px; font-size: 12px; font-family: Cambria; color: #545454;\">Nikkei Soars on aggressive BOJ move<\/li>\n<\/ul>\n<p style=\"margin: 0px 0px 7.5px; font-size: 12px; font-family: Cambria;\"><strong>DAILY CURRENCY RATES OVERVIEW \u00a0<\/strong><\/p>\n<p style=\"margin: 0px; font-size: 12px; font-family: Cambria;\"><strong>GBP\/EURO<\/strong> \u2013 1.17933<br \/>\n<strong>GBP\/US$<\/strong> \u2013 1.52251<\/p>\n<p style=\"margin: 0px; font-size: 12px; font-family: Cambria;\"><strong>GBP\/INR<\/strong> \u2013 83.5397<\/p>\n<p style=\"margin: 0px; font-size: 12px; font-family: Cambria;\"><strong>GBP\/CAN$<\/strong> \u2013 1.5429<\/p>\n<p style=\"margin: 0px; font-size: 12px; font-family: Cambria;\"><strong>GBP\/AUS$<\/strong> \u2013 1.46014<br \/>\n<strong>GBP\/ZAR<\/strong> \u2013 13.9194<br \/>\n<strong>GBP\/JPY<\/strong> \u2013 146.516<\/p>\n<p style=\"margin: 0px 0px 7.5px; font-size: 12px; font-family: Cambria;\"><strong>GBP\/NZD<\/strong> \u2013 1.80980<\/p>\n<p style=\"margin: 0px 0px 7.5px; font-size: 12px; font-family: Cambria;\"><em>Exchange rates valid at 5th April, 2013 09.35 GMT.\u00a0<\/em><\/p>\n<p style=\"margin: 0px 0px 7.5px; font-size: 12px; font-family: Cambria;\">Making an <a href=\"http:\/\/www.mycurrencytransfer.com\/\"><span style=\"color: #0433ff;\">international money transfer<\/span><\/a>? Compare money transfer deals and save 3-5 % on your currency exchange with better-than-bank exchange rates. Our currency specialists can save you as much as \u00a33-5000 on every \u00a3100,000 being transferred. Compare &amp; Save today.<\/p>\n<p style=\"margin: 0px 0px 7.5px; font-size: 12px; font-family: Cambria;\"><strong>Key releases in the next 24 hours that may affect currency date:<\/strong><\/p>\n<p style=\"margin: 0px 0px 7.5px; font-size: 12px; font-family: Cambria;\"><strong>Australia: <\/strong>No data<\/p>\n<p style=\"margin: 0px 0px 7.5px; font-size: 12px; font-family: Cambria;\"><strong>Europe:<\/strong> Euro-zone retail sales(MoM &amp;YoY)<\/p>\n<p style=\"margin: 0px 0px 7.5px; font-size: 12px; font-family: Cambria;\"><strong>United Kingdom: <\/strong>No data<\/p>\n<p style=\"margin: 0px 0px 7.5px; font-size: 12px; font-family: Cambria;\"><strong>New Zealand: <\/strong>No data<\/p>\n<p style=\"margin: 0px 0px 7.5px; font-size: 12px; font-family: Cambria;\"><strong>United States of America:<\/strong> US Non Farm payrolls.<\/p>\n<p style=\"margin: 0px 0px 7.5px; font-size: 12px; font-family: Cambria;\"><strong>Japan: <\/strong>Bank of Japan&#8217;s monthly economic report.<\/p>\n<p style=\"margin: 0px; font-size: 14px; font-family: Cambria;\"><strong>GBP<\/strong><\/p>\n<p style=\"margin: 0px; font-size: 12px; font-family: Cambria;\">Yesterday the the Bank of England changed nothing in their Monetary toolbox leaving asset purchases the same and also keeping the base interest rate at 0.5%. The falling pound has been an issue for new Governor Carney, but yesterday saw the beginning of a move to the upside with pound rallying some 200 points higher.<\/p>\n<p style=\"margin: 0px; font-size: 16px; font-family: Cambria;\"><strong>EUR<\/strong><\/p>\n<p style=\"margin: 0px; font-size: 12px; font-family: Cambria;\">Yesterday at the European interest rate decision Mario Draghi expressed fresh concerns about recent data coming out of the euro-zone with unemployment figures reaching a record 12% high in the area. Although they said further measures were possible like cutting the current interest rate, nothing was actually changed but the EUR did rally quite significantly also moving some 200 points higher against the US dollar.<\/p>\n<p style=\"margin: 0px; font-size: 16px; font-family: Cambria;\"><strong>USD<\/strong><\/p>\n<p style=\"margin: 0px; font-size: 12px; font-family: Cambria;\">Yesterday US initial jobless claims came in worse than expected at 385 against 357 K previously. Today we will also have the renowned market mover the US non-farm payrolls. The print is expected to come in lower than last months and this could continue the dollars last 24hrs weakness. The dollar has remained strong over the last month and we are now looking for a pullback.<\/p>\n<p style=\"margin: 0px; font-size: 16px; font-family: Cambria;\"><strong>JPY<\/strong><\/p>\n<p style=\"margin: 0px; font-size: 12px; font-family: Cambria;\">Yesterday the newly appointed Governor of the bank of Japan Kuroda unveiled an aggressive monetary easing program. All of the members of the board are also in favour of such a move and also want to persue the 2% inflation target within the next two years.<\/p>\n<p style=\"margin: 0px; font-size: 12px; font-family: Cambria;\">The NIKKEI rallied some 3% yesterday over this move and is now at it&#8217;s highest since August 2008. The pound rallied some 700+ points against the Yen. That kind of move is unprecedented in one day in the FX market! The last time we saw that kind of move from the Yens was from the 2011 earthquake.<\/p>\n<p style=\"margin: 0px; font-size: 16px; font-family: Cambria;\"><strong>AUD<\/strong><\/p>\n<p style=\"margin: 0px; font-size: 12px; font-family: Cambria;\">The Australian base interest rate was kept at 3% this week this making this the most attractive yield currency of any developed nation. However Oil and copper prices have been falling off over the past 2 days and this currency is intrinsically linked to commodity currency&#8217;s and has fallen off also. The pound has made a move up off of it&#8217;s multi year lows.<\/p>\n<p style=\"margin: 0px; font-size: 12px; font-family: Cambria;\">Today\u2019s market commentary has been brought to you by John Wright, blogger at <a href=\"http:\/\/www.forex4rookies.com\">forex4rookies.com<\/a><\/p>\n<p style=\"margin: 0px 0px 7.5px; font-size: 12px; font-family: Cambria;\"><em>Going to Europe this Easter? Search best travel money rates with our sister site <\/em><a href=\"http:\/\/www.mytravelmoney.co.uk\"><span style=\"color: #0433ff;\"><em>MyTravelMoney.co.uk<\/em><\/span><\/a><em>.<\/em><\/p>\n<p style=\"margin: 0px 0px 7.5px; font-size: 12px; font-family: Cambria;\"><strong>Did you know, you could save up to 10% buying currency online versus the airport bureaus. Compare &amp; save!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning and welcome to today\u2019s foreign exchange market commentary on Friday the 5th of April, 2013.\u00a0 \u00a0 Here are MyCurrencyTransfer.com\u2019s top 5 currency highlights: Investors looking to short the yen again. Euro up ECB give assurance. ECB signals further rate cuts possible BOE leaves rate and asset purchases the same. Nikkei Soars on aggressive BOJ move DAILY CURRENCY RATES [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[110],"tags":[],"_links":{"self":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/2620"}],"collection":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/comments?post=2620"}],"version-history":[{"count":6,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/2620\/revisions"}],"predecessor-version":[{"id":2630,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/2620\/revisions\/2630"}],"wp:attachment":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/media?parent=2620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/categories?post=2620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/tags?post=2620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}