Not-more-than-expected BoJ announcement would hardly change yen crosses expect zero-rate policy to tackle deflation, so today's dollar gains were encouraged by the FED announcement reporting positive US economic aspect. Of course, today's US economic reports do not exclude dollar declines, but not due to BoJ announcement, but dut to US ecnomic situation.
As for the euro, Greece's rating cut and Austrian bank problems are more serious than Ifo enhancement, moreover the ECB announced "bad debts" would be increased in the case if mortgage banks would delay its repayment of debts that could exert down pressure on the single European currency, including some economic problems of the East European countries.
I recognize that economic data are mixed, so traders have to exactly determine what factor influences on currency courses. From this point of view, your analysis is too simple and overlook lots of factors.
Last edited by Femi; 22nd December 2009 at 13:00.
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