Japanese Yen fell against the US Dollar today as the Bank of Japan kept its policy unchanged and kept the interest rate in the negative range at -0.10%. USDJPY hit its highest level since July 20th at 111.92, supported by the news on Resumption of talks between China and the United States on trade.
Tomorrow, the Federal Reserve is expected to keep interest rates at 2% and to confirm expectations of gradual rates hike. The Bank of England, which will announce rate decision on Thursday, is expected to hike rates for the second time since the global financial crisis in 2008.
The pound hit its highest level since Thursday at 1.3172, before retreating significantly to levels 1.3130 currently following the news of the revival of the China-US talks. The GBPUSD is currently moving above uptrend line on 1 hour chart, crossing it open the door for further fall.
