The BOJ intervenes by sending the USDJPY lower. The SNB raises its rates by 50 bps. CBs go wild


Lots of central bank actions as they go wild with the political signal. The action circulates exchange rates.

  • The Federal Reserve raised rates by 75 basis points yesterday
  • Bank of Japan keeps rates unchanged but intervenes in currency markets
  • Swiss National Bank raises rates by 75 basis points and threatens to intervene in the foreign exchange market
  • Bank of England raises rates by 50 basis points, with some dissenters seeking a higher 75 basis point hike

What are these movements due to the major currency pairs. In this video, Greg Michalowski takes a look at GBPUSD, EURUSD, USDJPY and EURCHF.


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