Tag Archives: BoJ

Gold finished flat around $1,940, looking weak. Earlier, the yellow metal peaked at $1,960 but dropped after the FOMC rate decision. Silver rose 1% and finished slightly below $24.00. Cryptocurrencies tumbled late on Wednesday, with BTC/USD falling more than 3% and briefly to below the $25,000 level; namely the $24,927.80 …

The USD/JPY pair declined for two consecutive days following remarks from Japanese authorities indicating increased scrutiny of currency market movements. The Japanese Yen strengthens in response to the news, putting downward pressure on the USD/JPY pair.USD/JPY maintains an upward bias as long as it holds above the key level of …

China has reportedly informed the United States that there is little chance of a meeting between the countries’ defense ministers at a security forum in Singapore due to a dispute over sanctions. This news challenges market sentiment and weighs on the risk-barometer pair like AUD/USD which remains pressured around 0.6775 …

The safe-haven yen rebounded after early sharp declines and the risk-sensitive Australian and New Zealand dollars turned losses as early optimism about global authorities’ efforts to contain a banking crisis ebbed. The Japanese currency, which is particularly sensitive to long-term Treasury bond yields, recovered from sharp losses of 0.6 percent …

During the American session, US yields decreased even more. US 2-year yields decreased to 4.95% and 10-year yields to 3.92%. The US Dollar suffered from the falling rates. The DXY dropped to 105.20 for the second day in a row. The retreat of the Greenback is still a correction from …

The only significant central bank meeting this week, that of the Bank of Japan, is anticipated to end without a change in monetary policy following the BoC’s rate decision on Wednesday. Nonetheless, there are several elements that might distinguish the meeting event.Hikaru Kuroda, governor of the Bank of Japan, who …

The dollar index on Friday surged by +0.55% and posted a 1-1/2 month high.  Higher Treasury yields boosted the American currency with the prospects for continued hawkish Fed after Friday’s stronger-than-expected US economic data. The dollar also found support on hawkish comments by Fed officials. ECB’s Nagel said with core …

The USD/JPY pair registers gains of 0.50%, above the 133.00 mark. US inflation data, though mixed, triggered the recent US Treasury bond yields’ jump, pushing the USD/JPY forward.The USD/JPY reached a new YTD high of 133.13, though it failed to cling to those gains, retracing beneath last week’s high of …

The EUR/JPY pair managed to bounce off the day’s lows at 139.03 and hit a daily high of 141.19 before losing momentum. The pair has reclaimed and achieved a daily close above the 200-day EMA keeps bulls hopeful of higher prices.Ahead of the weekend, the Japanese Yen weakened following the …

The US dollar hovered near seven-month lows on Friday as fears of an economic slowdown dampened risk appetite, while the yen weakened even as speculation mounted that the Bank of Japan will eventually abandon its ultra-loose monetary policy. The dollar index, which measures the performance of the greenback against six …