Afternoon Briefing 18 Sep: Yen Rises on Upcoming BoJ Meeting

Let's look at the market review for 18th September.

Asian Markets

Asian shares were mixed ahead of the central bank's decision to close tight markets this week as well as forecasts for the future.

European Markets

European stocks will open with a weaker trend as the Fed is in the spotlight this week and this weakness is beyond expectations.

US Pre-Open Markets

US stocks tend to experience a slight increase because Wall Street is waiting for the Fed meeting which is predicted to be as expected.

Commodities

Gold prices rose slightly because they were still waiting for a decision from the Fed on interest rates and the USD was predicted to continue to strengthen.

U.S. Treasury Yield

Treasury yields rose as investors digested inflation data and awaited an interest rate decision from the Fed.

Major Currency Pairs

The Japanese Yen tends to strengthen and the yen is in the spotlight ahead of the 'live' BOJ meeting because it is predicted that there will be an increase in the yen in the long term.