USD / JPY cuts some of their losses on Monday are approaching 114.00 on sad market sentiment. Falling US Treasury yields drag the USD / JPY with it, despite the broad strength of the greenback across the board. USD / JPY: A break to the upside above a downtrend trend line around 114.20 could propel […]
Tag: COMBAT
GBP / JPY struggles with 156.50 amid risk appetite, ahead of BoJ meeting
The British pound rebounded from Wednesday’s losses, but the bullish move was limited due to lack of tracking. Market sentiment is bullish, boosting risk-sensitive currencies except for the British pound. GBP / JPY: Sloped higher from a technical perspective, but the price action reflects the exhaustion in the recent bullish move. The pair GBP/JPY it […]
Kuroda doesn’t think the current weakness of the yen is a bad thing
Commenting on the recent depreciation in the yen, the Governor of the Bank of Japan (BoJ), Haruhiko Kuroda, has said that she does not believe that the current weakness of the yen is a bad thing. Additional comments No comment on currency levels and short-term movements. The degree of weakness of the yen pushing up […]
USD / JPY remains near two-week lows around 113.50 after Kuroda
USD / JPY saw some selling for the second day in a row on Thursday. A softer risk tone benefits the safe-haven JPY and puts some pressure on the pair. Bulls largely ignore the BoJ’s pessimistic outlook on GDP growth and inflation. The pair USD/JPY remains under slight pressure at the start of the European […]
BoJ downgrades growth and inflation outlook for fiscal 2021/22
After leaving your monetary policy unchanged, as expected, The Bank of Japan (BoJ) has lowered its growth and inflation forecast for the current fiscal year (fiscal year) 2021/22. Key comments Average forecast of Core CPI for fiscal year 2021/22 at 0.0% vs. + 0.6% in July. Average forecast of Core CPI for fiscal year 2022/23 […]
Noguchi Says Lowering Monetary Easing Is Not An Option For Japan
“A reduction in monetary easing as seen in other central banks will not be an option for Japan“Bank of Japan (BoJ) monetary policy council member Asahi Noguchi said in a statement Thursday. Additional comments The 2% inflation target has been a high hurdle to achieve, takes longer to fulfill than expected. He still thinks that […]
USD / JPY clings to gains near daily highs around 109.50 region
Risk appetite weighs on the safe-haven JPY and helps USD / JPY regain upside traction. The BoJ’s monetary policy decision does little to give a significant boost to the pair. The market focus remains the outcome of the two-day FOMC meeting on Wednesday. The pair USD/JPY has built on its steady intraday rise and has […]
Kuroda says household spending remains weak due to coronavirus measures
Additional comments from the Governor of the Bank of Japan (BoJ), Haruhiko Kuroda, at the press conference after the monetary policy meeting. Household spending remains weak due to the measures against the coronavirus and the state of emergency. Private consumption is expected to rebound once coronavirus infections subside. Wage growth remains small. The increase in […]
Kuroda says he will ease monetary policy further without hesitation as needed
Haruhiko Kuroda, Governor of the Bank of Japan (BoJ), has reiterated that the central bank “will further relax the policy without hesitation as needed“while speaking at his press conference after the monetary policy meeting scheduled for Wednesday. Additional comments It has been a virtuous growth cycle supported by exports and factory production. Price trends remain […]
BOJ steers monetary policy on a stable course in September
The Bank of Japan (BoJ) has not announced changes in its monetary policy configuration in SeptemberBut it has released the details of its plan to combat climate change. Key comments The short-term interest rate target at -0.1%. The BoJ maintains the 10-year JGB yield target around 0%. The BoJ made the decision on the control […]