Japan Mar 7 BoJ Interest Rate Decision stays unchanged at 0.1%

Mar 7, 2013

Forex: EUR/USD resting near fresh 2013 lows ahead of key ECB meeting

Following a fresh 2013 low in EUR/USD at recent 1.2963 session lows, almost a double low with previous March 01 lows, the pair has enjoyed few bids that have kept the pair from falling further, breaking higher above Monday's lows at 1.2981, working as resistance, on the back of S&P credit rating agency revising Portugal outlook to stable from negative. EUR/USD trades last at 1.2990, off session highs at 1.2996.

BoJ keeps APP unchanged; no rock n' roll until April 4th

As widely anticipated by the market, the BoJ has held rates unchanged and kept its asset purchase fund at 76 Trillion yen. The event marks the latest monetary policy under the "old BoJ" governorship before the transition that will see Mr. Kuroda take over the reins of the "new BoJ", with expectations for more aggressive policy easing set very high.