USD / JPY registers a modest recovery from the nine-month lows set the previous day. A modest short hedging bounce in the USD turns out to be a key factor behind the pair’s rally. The stimulus hopes in the US could limit the USD recovery attempt and limit the pair’s gains. The latest monetary policy […]
Tag: COMBAT
Kuroda Says Monetary Policy Goals Will Not Be Revised
The Governor of the Bank of Japan (BoJ), Haruhiko Kuroda, has said that the central bank will not review monetary policy objectives, in his opening remarks at the press conference after the monetary policy meeting scheduled for Friday. Additional comments: Yield curve control works properly. Various steps will be evaluated, such as managing the yield […]
BoJ maintains status quo in December and expands corporate financial aid package
He Bank of Japan (BoJ) has left its monetary policy configuration unchanged after wrapping up their two-day meeting on Friday. Central bank has left the key rate unchanged at -10bp, maintaining a 10-year JGB yield target of 0.00%. The members of the board of the BoJ decided to extend the March 2021 deadline for the […]
USD / JPY falls to fresh nine-month lows near 103.00 level
USD / JPY is witnessing some continuation selling for the third day in a row on Thursday. The downward movement is due exclusively to sustained selling around the USD. The bullish market sentiment could help limit the slide ahead of the BoJ meeting on Friday. The pair USD/JPY continues to lose ground during Thursday’s European […]
Uncertainty remains at considerable levels – Kuroda
“The rapid and abundant provision of liquidity from central banks and international institutions avoided the negative feedback loop between economic and financial activities,” it said on Tuesday. the Governor of the Bank of Japan (BOJ), Haruhiko Kuroda, according to Reuters. Despite the description, he acknowledged that “considerable uncertainty continues.” According to Kuroda, coordination of fiscal […]
The BoJ does not change its monetary policy in October but biases GDP and CPI forecasts for fiscal year 2020/21 downwards
The members of the Board of the Bank of Japan (BOJ) they left the Principal interest rate unchanged at -0.10% after wrapping up its October two-day monetary policy review meeting this Thursday. The central bank also kept its oJGB 10-year bond yield target at 0.00%. Monetary policy statement The decision on the control of the […]
USD / JPY bounces away from multi-week lows, still bearish around the 104.30 zone
USD / JPY added to the overnight losses and witnessed some subsequent selling on Wednesday. A sell-off in the stock markets sustained the safe-haven JPY and put heavy pressure. A strong rally in USD demand helped the pair find some support before 104.00. The pair USD/JPY it remained depressed during the early North American session, […]