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Tag: COMBAT

GBP / JPY bounces from 3-week lows, returns above 151.00 after Kuroda comments

GBP / JPY bounces from 3-week lows, returns above 151.00 after Kuroda comments GBP / JPY bounces from 3-week lows, returns above 151.00 after Kuroda comments

GBP / JPY witnessed strong selling for the second consecutive session on Wednesday. A sharp spike in demand for the safe-haven JPY put pressure on the cross. The weaker USD, the stronger UK CPI figure supported the GBP and helped limit losses. The crossing GBP/JPY it fell to three-week lows, around the 150.85-80 region in […]

USD / CAD flirts with session lows, around 1.2670 post Canadian CPI

USD / CAD flirts with session lows, around 1.2670 post Canadian CPI USD / CAD flirts with session lows, around 1.2670 post Canadian CPI

USD / CAD saw some selling on Wednesday and trimmed some of the gains overnight. Bullish oil prices supported the loonie and put pressure amid renewed USD weakness. The Canadian CPI mixed report did not influence or provide any significant boost to the pair. The pair USD / CAD it remained depressed below 1.2700 during […]

BoJ could start debate on strategy to hit price target by end of 2021 – Asahi Noguchi

BoJ could start debate on strategy to hit price target by end of 2021 – Asahi Noguchi BoJ could start debate on strategy to hit price target by end of 2021 – Asahi Noguchi

In an interview with Reuters, Bank of Japan (BoJ) board member Asahi Noguchi said that the Combat The debate on the strategy to reach the target price could begin by the end of the year. Featured statements “The BoJ must focus on the trend of the economy if it decides to make more flexible, look […]

It is important to create an environment where interest rates can rise – Masayoshi Amamiya

It is important to create an environment where interest rates can rise – Masayoshi Amamiya It is important to create an environment where interest rates can rise – Masayoshi Amamiya

The Deputy Governor of the Bank of Japan (BOJ), Masayoshi Amamiya, has made statements collected by Reuters, offering some optimistic comments on the economy and the prospects for monetary policy. Featured Comments The BOJ is trying to create a positive business cycle. It is important to create an environment where interest rates can rise. The […]

USD / JPY clings to intraday gains above 110.00 level

USD / JPY clings to intraday gains above 110.00 level USD / JPY clings to intraday gains above 110.00 level

USD / JPY gains some traction after the BoJ lowered its growth forecast for the current fiscal year. The rally in US bond yields supports the USD and continues to support the pair’s modest rally. Nervousness over COVID-19 continues to lend some support to the safe-haven JPY and limits the pair’s rally. The pair USD/JPY […]

Japan’s economy remains in dire condition, but rebounding as a trend

Japan’s economy remains in dire condition, but rebounding as a trend Japan’s economy remains in dire condition, but rebounding as a trend

Below are the Highlights from the BoJ’s Quarterly Outlook Report, released alongside Friday’s monetary policy statement. The Japanese economy is likely to recover, although activity remains low compared to pre-pandemic levels. It is likely that the Japan’s consumer inflation hovers around 0% for the moment. Japan’s consumer inflation is likely to accelerate gradually thereafter. The […]

BoJ remains unchanged in July and downgrades growth prospects for 2021/22

BoJ remains unchanged in July and downgrades growth prospects for 2021/22 BoJ could start debate on strategy to hit price target by end of 2021 – Asahi Noguchi

The Bank of Japan (BoJ) has kept its monetary policy adjustments unchanged following the conclusion of its two-day monetary policy review meeting on Friday. Central bank has kept the benchmark policy rate unchanged at -10bps while keeping his promise to buy J-REITS at an annual rate of up to 180 billion JPY. El BoJ has […]

USD / JPY approaching yearly highs near 111.00

USD / JPY approaching yearly highs near 111.00

USD / JPY marks three consecutive days higher as the bulls attack the April high. Market sentiment wanes after Powell defends easy money as disputes between the United States and China intensify. The BOJ minutes cite the lack of agreement on the economic outlook, as Kuroda meets with the prime minister. The US PMI and […]

BOJ buys 70.1 billion yen in ETF, first purchase since April

BOJ buys 70.1 billion yen in ETF, first purchase since April

According to the Bank of Japan (BOJ), the Japanese central bank has bought 70.1 billion yen ($ 637.3 million) in exchange-traded funds (ETFs), its first purchase since April 21. The BOJ’s move comes after Japan’s Topix index fell nearly 2.50% on Monday, posting its biggest decline since February. Market reaction USD / JPY stalled its […]

USD / JPY with modest losses around the 110.00 level

USD / JPY with modest losses around the 110.00 level

USD / JPY is moving negative for the second day in a row. The decline does not appear to be affected after the BoJ reaffirmed its pessimistic bias. The Fed’s bullish turn supports the USD and could help limit the pair’s losses. The pair USD/JPY moves lower at the start of the European session on […]