Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Further easing from European Central Bank (ECB) is posing new bigger threat to Japanese economy as it would push the competitiveness of European products ahead of Japan.
European Central Bank (ECB) is taking a more aggressive stance while Bank of Japan (BOJ) is shying away from further policy easing. That puts Euro in clearly weaker spot against Yen.
Further erosion of Yen's competitive advantage is likely to put Nikkei in tough spot, which is down close to 1% today and more than 6.5% in last three months. Nikkei CFD is currently trading at 18800.
Euro today has fallen to seven week low against Yen.
Technically speaking, Euro is in a downward channel against yen since June and price is now drifting lower from range high. Euro is currently trading at 133.1 against Yen, further drift down of about 200-250 pips in the very near term very much likely.
Focus is on monetary policies from FED on 28th and Bank of Japan on 30th.
