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The Forex Week Ahead

Greg Michalowski
02/04/2012 | 05:03 GMT
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  • In-line CPI report leads to a blockbuster day for US stock markets
  • US stocks open higher led by the NASDAQ index
  • USD/JPY sent for a spin but now moving higher as BOJ rate hike odds fade
  • Brazil's central bank hikes rate to 12.25% (from 11.25% and vs. 12% expected)
  • USD/JPY looks to US CPI report to potentially break ping pong range
  • BOJ reportedly erring towards keeping interest rates unchanged next week
  • USD/JPY back above 153.00

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