NZD/JPY: The End Of Carry Trades?

The main event this week will be the U.S. Fed meeting, Ben Bernanke's first as Chairman. Although markets have priced in a near 100% likelihood of the bank hiking rates for the 15th straight time, it is the commentary that will prove interesting to traders. Last week's mixed housing signals (robust existing home sales, sinking new home sales) will place a special emphasis on the Fed's actions. Read More....