Intraday Market Thoughts

Adding USDJPY & EURJPY to Pre FOMC Trades

by Ashraf Laidi
Jun 20, 2012 17:18

We expect the Fed to use todays FOMC statement to communicate the extension of Operation Twist, likely to be underway in July or August but may last for no more than 2-3 months. Outright QE, or QE3 is out of the question as the Fed has already spelled out the diminishing returns of such operation as well as its opposition to further balance sheet expansion. We are adding USDJPY and EURJPY to the LATEST PREMIUM INTERMARKET INSIGHTS which are now out. Click here for direct access to todays trades. Non subscribers can click here:



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