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Equities around the world ended higher οn Wednesday
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The CAD/JPY pair is trading within the Kumo. An upward wave would lead the exchange rate to exit the cloud with further bullish implications. Alternatively, if the bears manage to withstand the bulls’ pressure, the market will find support at the lower level of the Kumo.
Equities around the world ended higher οn Wednesday as the U.S. session went from flat to positive and closing near day high. Health care stocks were the biggest winner yesterday while the fear index VIX drifted lower below 20. Major indices in the United States closed as follows: Dow +0.1%, S&P 500 +0.3% and NASDAQ +0.6%. Asian markets are mixed this morning with Japanese stocks underperforming. European futures are slightly positive this morning, while U.S. futures are slightly in the red.
The dollar declined against most of G10 currencies. EURNOK fell below 10.10, while EURSEK hovered close to 10.25. EURUSD rose back above 1.13 level, while USDJPY trades currently at 113.40.
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Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus