Dollar pulls back as Powell sticks to usual Fed playbook By Reuters
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar eased on Wednesday after Federal Reserve Chair Jerome Powell failed to offer fresh signs of a hawkish pushback against a resilient labour market in the United States, leading […]
Yen lower as BOJ sticks to ultra-easy policy, losses trimmed 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 Samuel Indyk and Ankur Banerjee LONDON (Reuters) – The yen dropped against major currencies on Wednesday after the Bank of Japan maintained ultra-low interest rates, although it recovered some ground on expectations […]
Market Update – January 18 – BOJ Sticks to Accommodative Policy – YEN Dives
BOJ keeps YCC policy unchanged, Kuroda “will not hesitate to increase easing if necessary”. DOVISH !! – Downgraded economic forecasts – Growth 2023 – 1.7% vs. 1.9% & 2024 1.1% vs. 1.5%. Inflation forecast raised to 1.8% vs. 1.6%. YEN tanked (USDJPY +2.6% at one point). Bonds rallied, the 10-yr […]
JPY Sinks As BOJ Sticks To Bond Purchases
BOJ Holds SteadyTraders were treated to some late New Year fireworks overnight as the Japanese Yen collapsed across the board in reaction to the latest BOJ meeting. Ahead of the January monetary policy meeting, traders had been increasingly expectant that the BOJ would signal a shift in policy. With the bank having recently lifted the […]