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Tag: COMBAT

There is room for a substantial rise to 120.00 – ING

There is room for a substantial rise to 120.00 – ING There is room for a substantial rise to 120.00 – ING

The USD/JPY it has been trading in an upward direction up to 116.00. The ING economists believe that the pair could rise to 120.00. The BoJ will be the last central bank to adopt a stronger currency “Unlike many nations that embrace monetary strength to combat the brunt of inflation, Japanese policymakers have shown little […]

USD/JPY sideways at the 114.50 zone

USD/JPY sideways at the 114.50 zone USD/JPY sideways at the 114.50 zone

USD/JPY has settled in the 114.50 area, almost sideways on the day despite a dovish BoJ and rising US yields. Safe-haven demand has underpinned the yen on a day when Fed tightening fears have driven US equities lower. The USD/JPY has pulled back to around 114.50 in recent trading after briefly rallying to the 115.00 […]

Risks to Japan’s price outlook are more or less balanced

Risks to Japan’s price outlook are more or less balanced Risks to Japan’s price outlook are more or less balanced

“Risks to Japan’s price outlook are more or less balanced“said the Bank of Japan (BoJ) in its quarterly outlook report that accompanied the monetary policy statement on Monday. Additional comments The economic rebound of Japan is becoming clearer. The inflation expectations rise moderately. Consumer inflation is in slightly positive territory. The Japanese economy is likely […]

GBP/JPY consolidates near 156.50 ahead of BoJ policy meeting

GBP/JPY consolidates near 156.50 ahead of BoJ policy meeting GBP/JPY consolidates near 156.50 ahead of BoJ policy meeting

The GBP/JPY pair is consolidating near 156.50 in quiet trading as the focus is on a slew of UK data and the BoJ meeting. The pair is also likely to continue to trade as a gauge of global risk appetite this week. After last Friday’s brief drop below support at the 156.00 level and the […]

GBP/JPY recovers from session lows below 155.50 to above 156.00

GBP/JPY recovers from session lows below 155.50 to above 156.00 GBP/JPY recovers from session lows below 155.50 to above 156.00

GBP/JPY looks set to end the day lower around 156.00, but has recovered well from previous lows below 155.50. Next week will be a busy week for the pair, with the BoJ setting policy and many tier one UK data releases. A combination of aggressive comments on BoJ rate hikes and safe-haven demand amid choppy/mixed […]

BOJ braces for smallest annual ETF purchase since 2012 – Bloomberg

BOJ braces for smallest annual ETF purchase since 2012 – Bloomberg Risks to Japan’s price outlook are more or less balanced

The Bank of Japan is on track to record the smallest amount of local stock purchases this year, much lower than last year’s record seen during the peak of the pandemic, according to data compiled by Bloomberg. Key details “The BOJ bought a total of 873.4 billion yen ($ 7.6 billion) in exchange-traded funds through […]

GBP / JPY continues consolidation pattern near 150.00, possible pennant breakout?

GBP / JPY continues consolidation pattern near 150.00, possible pennant breakout? GBP / JPY continues consolidation pattern near 150.00, possible pennant breakout?

GBP / JPY has not moved much on Tuesday and continues to consolidate at the 150.00 lows area. The pair has formed a pennant this month, suggesting that a technical breakout in either direction is on the table. The main events to watch this week for the pair are the BoE meeting on Thursday and […]

USD / JPY Extends Recovery Above 113.50 Amid Stronger USD and Risk Appetite

USD / JPY Extends Recovery Above 113.50 Amid Stronger USD and Risk Appetite USD/JPY sideways at the 114.50 zone

A combination of factors helps the USD / JPY regain positive traction on Monday. Risk appetite weighs on safe-haven JPY, Fed’s optimistic expectations benefit USD. Investors could refrain from opening aggressive positions ahead of the FOMC and BoJ meetings this week. The pair USD/JPY moves higher during the European session on Monday, staying at the […]

USD / JPY struggles for direction and consolidates in a range below the 114.00 level

USD / JPY struggles for direction and consolidates in a range below the 114.00 level USD / JPY struggles for direction and consolidates in a range below the 114.00 level

The USD / JPY oscillates in a range on the first day of a new week. Lousy US data on Friday and falling US bond yields weigh on the USD and limit the pair’s gains. A combination of factors weighs on the JPY and helps limit the pair’s decline. The pair USD/JPY lacks a firm […]