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JPY continues to rally after Dovish FOMC minutes


Overnight:
After yesterday’s dovish FOMC Minutes, where several member argued against a rate hike in April, the Japanese Yen continued to appreciate.
Elsewhere, commodity linked currencies held on to its gains following the oil surge seen during the New York session.
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EUROstoxx50 slightly higher; Oil finds support at 34.50$

– London Open: EUROstoxx50 started the session in the green.
– Crude Oil found support around 34.50$.
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The Day Before: #Global #equities up; #Crude #Oil Stable

  • London opened with a positive risk sentiment. News from a rise in global commodity prices certainly helped, with Aussie and Kiwi outperforming throughout the day. However, the session started with both EUROstoxx50 and Crude Oil drifting lower.
  • At 9:30 AM GMT there was, perhaps, the most expected event of the day - UK Services PMI. Surprise, surprise, despite a negative deviation, Cable still managed to turn around and make new a high.
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OPEC and non-OPEC are to meet on March 20th

- OPEC and non-OPEC are to meet in Russia on March 20th, says the Nigerian oil minister.
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