Joshua

The Japanese yen plunged to the 131 level following the Bank of Japan’s decision to keep its monetary policy instruments unchanged. The ING Economists They expect the USD/JPY rally to stall at 132.50/133.00 and see the pair likely to trade at 120 by the end of the year.. A volatile downtrend “USD/JPY remains one of […]

The outlook for USD/JPY continues to signal a probable drop towards the 126.35 level in the coming weeks, according to Lee Sue Ann, UOB Group Economist, and Quek Ser Leang, Market Strategist. Featured Comments 24 hour view: “We expected USD/JPY to “trade within a 127.85/129.05 range” yesterday. USD/JPY subsequently traded between 127.98 and 129.13 before […]

The Bank of Japan decided to keep its monetary policy unchanged. The BoJ’s inaction sent the USD/JPY pair soaring. However, economists at TD Securities they expect the 132/133 zone to limit the rise of the pair. The BoJ does not change its policy, all attention is on the new governor “The BoJ kept its monetary […]

Further bullish momentum could lift GBP/USD to the 1.2390 zone in the short term, according to Lee Sue Ann, UOB Group Economist, and Quek Ser Leang, Market Strategist. Featured Comments 24 hour view: “We did not expect the strong GBP/USD rally to 1.2300 (we expected GBP/USD to be range bound). Bullish momentum has improved, although […]

Lee Sue Ann, Economist at UOB Group, and Quek Ser Leang, Market Strategist, suggest that the EUR/USD is now within the range of 1.0680-1.0880. Featured Comments 24 hour view: “We expected EUR/USD to “trade sideways between 1.0790 and 1.0860″ yesterday. However, EUR/USD briefly rallied to 1.0869, fell sharply to 1.0773, and closed at 1.0788 (-0.26%). […]

UK CPI softens to 10.5% year-on-year in December, versus 10.6% expected. UK monthly CPI stands at 0.4% in December, versus 0.4% expected. The Annualized UK Consumer Price Index (CPI) stood at 10.5% in December, up from 10.7% in November, and missed estimates of 10.6%, the UK’s Office for National Statistics (ONS) reported on Wednesday. The […]

This is what you need to know to trade today Wednesday January 18: The US dollar’s recovery from multi-month lows gains strength early Wednesday, triggering a new wave of selling in the currency market. The main catalyst for the resurgence in demand for the US dollar is the Bank of Japan (BoJ) decision to keep […]

EUR/JPY has staged a move north on BoJ policy maintenance. The Bank of Japan has kept the interest rate unchanged at -0.1% and the 10-year JGB target around 0%. The cross has broken above the 200 period EMA at 140.00 in one go and is expected to go higher. The USD/JPY has shot up as […]

AUD/JPY has received a shot of adrenaline from the BoJ’s unchanged interest rate policy. The BoJ interest rate has been unchanged at -0.1% and the 10-year JGB around 0%. Investors expected an upward revision of the inflation forecasts for 2023 and 2024. The AUD/JPY has staged a 180-point rally that has taken it to a […]

USD/JPY rises nearly 250 points on Bank of Japan inaction, marking the biggest daily jump in seven months. The Bank of Japan keeps the reference rate and monetary policy unchanged. Yields rallied on BoJ announcements, while equities, stock futures and DXY fell. Governor Kuroda’s speech will offer immediate directions ahead of US retail sales and […]