Pip Diddy

Risk taking was the name of the game during the Asian session, as easing Brexit concerns and a bit of jawboning from Japan’s officials improved risk sentiment.

Risk appetite made a comeback a few hours into the U.S. trading session due to a surprise turn of events surrounding the Brexit campaign.

All eyes were on the pound and the Swissy during the morning London session, thanks to the SNB and MPC monetary policy decisions. Price action on the pound was rather choppy, though, but at least there was some action on Swissy pairs.

Risk aversion dominated the Asian forex trading session, as the Fed’s less-hawkish-than-expected decision and Brexit concerns weighed on investor appetite.

The FOMC broke the Greenback’s heart by refraining from hiking interest rates and deciding to lower their growth forecasts for this year and the next.

Volatility was relative subdued during today’s morning London session, probably because forex traders were hunkering down ahead of the FOMC statement and presser for later. That doesn’t mean there were no movers at all, however.

Profit-taking was the name of the game during the Asian session, as forex traders gear up for the major events scheduled today.

The Greenback had a positive reaction to the upbeat U.S. retail sales report but was mostly stuck in consolidation for the rest of the trading session. What gives?

Plunging commodities and another round of risk aversion during the morning London session meant that commodities got slapped silly while the safe-haven currencies got a boost.

Risk aversion still dominated the Asian session, as forex traders continued to tread lightly ahead of the Brexit vote and this week’s major events.