Asia FX slips on recession fears, yen battered by dovish BOJ By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies fell on Wednesday amid growing concerns over a global economic slowdown this year, with the Japanese yen plummeting after the Bank of Japan maintained its accommodative stance. The was the worst-performing Asian currency for the day, tumbling 2.6% to 131.47 against the dollar – one […]
Japanese yen, bond yields tumble after BOJ holds yield control range By Investing.com
By Ambar Warrick Investing.com– The Japanese yen and benchmark bond yields fell sharply on Wednesday after the Bank of Japan maintained its yield curve control range, ducking market expectations for a further widening in the bank’s policy. The fell over 2% to 130.97 against the dollar, pulling back sharply from an eight-month high hit earlier this […]
BOJ preview – expected to stand pat
INF on the Bank of Japan meeting today: The Bank of Japan (BoJ) is expected to stand pat today after announcing a surprise band widening in December. 10Y JGB yields have traded above 0.50% over the past few days, which suggests that the market is expecting another widening of the yield band or even abandoning […]
Yen eyes further lift as traders probe BoJ defense ahead of meeting By Investing.com
© Reuters. By Yasin Ebrahim Investing.com — The yen creeped higher against the dollar Tuesday, riding a wave of hawkish bets on the Bank of Japan moving further away from its dovish stance ahead of a monetary policy update due overnight Wednesday. fell 0.26% to 128.20 The Bank of Japan is expected to stand pat […]
Fed’s Barkin:”My hope is we have seen peak inflation behind us”
Tom Barkin, the president and CEO of the Federal Reserve Bank of Richmond, is crossing the wires. Key comments My hope is that we have passed the peak of inflation. The median CPI is still too high for what I want to see. Cannot declare victory over inflation too soon. Doesn’t favour backing off too soon, […]
Analysis: Bank of Japan’s yield curve control in danger as policy backfires
BOJ’s hope to buy time with wider yield band backfiresBoard to debate market distortions at Tuesday-Wednesday meetingMany in BOJ prefer to stand pat, some open to tweak – sourcesDec inflation seen hitting 4.0%, more pressure for BOJTOKYO, Jan 16 (Reuters) – The Bank of Japan (BOJ) is under pressure to change its interest rate policy […]
BOJ Interest Rate Decision: Another Surprise?
Yen pairs have been extraordinarily active these last couple of days. Implied volatility in the USDJPY rose to a six-month high. There is a lot of apprehension about what might happen at the BOJ’s interest rate decision overnight. Which is funny, because the consensus among economists and analysts is that there won’t be any change […]
US Dollar looks to stabilize amid cautious markets
Here is what you need to know on Tuesday, January 17: The US Dollar is building on the previous recovery this Tuesday, as risk sentiment remains tentative following the release of China’s growth numbers. China’s Q4 GDP topped forecasts but expanded at the second-slowest pace since the 1970s. China’s GDP expanded by 2.9% in Q4 YoY, official […]
Japanese Yen Slides Ahead of BoJ While Chinese Data was Digested. Where to for USD/JPY?
Japanese Yen, USD/JPY, BoJ, JGB, Nikkei 225, China Data, Crude Oil – Talking Points The Japanese Yen softened today ahead of a crucial BoJ meeting Chinese data was better than expected but it wasn’t all good news If the BoJ shift toward further tightening, will USD/JPY resume its downtrend? Recommended by Daniel McCarthy Get Your […]
Yen perched near 7-month high as BOJ looms By Reuters
© Reuters. FILE PHOTO: Japanese yen and U.S. dollar banknotes are seen in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration By Tom Westbrook SINGAPORE (Reuters) – The dollar drifted off multi-month lows on Tuesday, while the yen was perched near seven-month highs as investors held their breath for a potential policy shift at […]