Dollar weakens in wake of CPI release; yen climbs ahead of BOJ By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Friday, continuing the previous session’s selloff after cooling U.S. inflation opened the way for the Federal Reserve to ease the pace of its interest rate hikes. At 03:05 ET (08:05 GMT), the , which tracks the greenback against a […]
Juggles around 140.00 after a vertical sell-off
The formation of Double Top amid less buying interest led to a sheer fall in the Euro bulls. EUR/JPY is hovering around the critical support at 140.00 and an absence of follow-up buying indicates the Japanese Yen’s strength. A bear cross, represented by the 20 and 50-EMAs, adds to the downside filters. The EUR/JPY pair […]
USD/JPY refreshes day’s low around 131.40 as street sees further softening of US Inflation
USD/JPY has refreshed its day’s low at 131.40 as odds for further US inflation softening soar. Federal Reserve might look to tweak its monetary policy projections if US inflation continues its downside spree. The Bank of Japan is firmly considering an exit from its secular long ultra-loose monetary policy. USD/JPY is hovering near the lower […]
ForexLive Asia-Pacific FX news wrap: USD/JPY dumps on BOJ review report
The Bank of Japan policy meeting is next week, on January 17 and 18. Yomiuri (Japan media) reported today that in this meeting the Bank will review the side effects of its monetary easing and may take additional steps to correct distortions in the yield curve. You’ll recall that at the meeting in December the […]
Former BOJ policymaker says excessive dollar strength likely to be corrected
<ul><li>US interest rates are declining, so don't expect yen to weaken much further</li><li>Widening of yield band is an extension of existing BOJ policy</li><li style="" class="text-align-justify">Given Japan's economic fundamentals, difficult to envisage a fundamental change in monetary policy</li></ul><p style="" class="text-align-justify">The takeaway from her comments is that what the BOJ has done is fitting with their policy […]
Don’t expect Yen to weaken much further
Former Bank of Japan (BoJ) board member Sayuri Shirai said on Wednesday, “US interest rates are declining so don’t expect the Yen to weaken much further.” Further comments “Excessive strength in dollar likely to be corrected.” “Households and companies’ inflation expectations are extremely high but market forecasts are below 2%, not much change in inflation […]
USD/JPY pain to return as surging inflation tees up BoJ for further hawkish foray By Investing.com
© Reuters By Yasin Ebrahim Investing.com — The dollar has attempted to steady since its recent rout against the yen, but the yen could bring the pain once again after the latest data showing Tokyo inflation hitting four-decade highs ramped up bets on the Bank of Japan making a further foray into hawkish territory next […]
BOJ still at the limit for now
I would expect the test of the upper limit in 10-year Japanese government bond yields to continue for a while, much like when the level was seen at 0.25% previously before the BOJ tweak last month. The central bank expressed worries about distortions in the market i.e. a lack of functionality if yields are seen […]
Yen asks BoJ to surrender. Forecast as of 09.01.2023
2023-01-09 2023-01-09 Yen asks BoJ to surrender. Forecast as of 09.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Despite statements that there won’t be any fundamental change in monetary policy, investors do not believe BoJ. It has already made adjustments to the yield curve control policy. What about the USDJPY? Let’s talk about this topic and make up a trading […]
BOJ to raise forecasts for key inflation gauge – sources
BOJ likely to raise 2022, 2023 ‘core-core’ price forecastsBoard may slightly upgrade inflation forecast for fiscal 2024Upgrade unlikely to trigger immediate rate hike – sourcesWage hike key to timing of policy normalisationTOKYO, Jan 5 (Reuters) – The Bank of Japan is putting more emphasis on an inflation gauge that excludes fuel costs, and will likely […]