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AUD/USD and USD/JPY Look Slightly to the Downside after Central Banks

Posted on April 7, 2009 at 3:04 in Commentary, Market Analysis by Tim Salem

Greetings Again, and as promised… a brief Update after these two Central Bank Decisions!

We are seeing similar Sentiment here with both Units on the Hourly Views… as the “loose Potential” of IntraDay Flag Formations is upon us.

The Bank of Japan held Rates as expected, and the Reserve Bank of Australia Cut by only .25% bps which should have been a bit “surprising” to the Markets considering “Rhetoric” of a .50 bps Cut….but alas… it was largely “Priced-In” and ignored nonetheless.

Here are the Hourlies for some reference, so give them a Click, and Post-Time is 8:00 GMT.

We will float around at our next Update and check in with some other Units for a “Fresh Perspective”, so I will see you soon!

Tags: AUD/USD, Australia, bear, Bull, central bank, flag, interest rate, Japan, quantitative easing, USD/JPY

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