Tag Archives: monetary policy

The yen experienced volatility on Wednesday following the Bank of Japan’s (BOJ) announcement to raise interest rates and outline a comprehensive bond tapering plan. Initially, the yen surged 0.8% to a three-month high of 151.58 per dollar immediately after the BOJ’s decision, only to reverse those gains minutes later as …

The Japanese yen edged higher on Monday, recovering from early losses as sentiment remained fragile following a significant rally last week. This rally was driven by a tech-led stock rout in the U.S., which increased demand for safe haven assets like the yen. Market Focus on Upcoming Policy Decisions Traders …

The Federal Reserve introduced flexible average inflation targeting (FAIT) in 2019-20 to improve performance in a low interest rate world. The Fed believed it had a problem with low inflation, as its preferred measure of inflation had averaged just over 1.5% between 2010 and 2019. The review committing the central …

By The USD/JPY pair has plummeted over 0.85% and dropped below the Ichimoku Cloud (Kumo) for the first time since January 15, hinting at possible extended downtrend. Bearish RSI suggests further falls, with supports at 155.00, 154.55, 151.86, and resistance at 156.33. A breach may push to 157.00, potentially reversing …

Jerome Powell, Chairman of the US Federal Reserve (Fed), delivers the Semi-Annual Monetary Policy Report and responds to questions before the House Financial Services Committee on the second day of his Congressional testimony. Key Quotes:“We see current Fed policy as restrictive.”“The neutral interest rate must have moved up at least …

Interest rates in the UK are expected to be held again next month, rather than cut for the first time in over four years, according to Jonathan Haskel, a member of the Bank of England’s Monetary Policy Committee (MPC). The UK central bank has kept interest rates at a 16-year …

The US CPI report for June 2024 is expected to be released at 8:30am ET on Wednesday, June 12, 2024. Traders and economists expect the report to hold steady at 3.4% y/y on a headline basis, with the “Core” reading expected to fall to 3.5% y/y. The Federal Reserve’s aspirations …

On Wednesday, the Fed issued the minutes of its last meeting held on April 30 and May 1, which sheds light on monetary policy trends and overall economic conditions. The minutes also answer important questions related to the challenges facing financial markets in America and the world. Let’s have a …

Since fighting inflation is one of the two main components of the Bank of England’s mandate, and as all major central banks do assess how well they have performed the fundamental mandate assigned to them, markets are waiting for new evidence that could help identify the characteristics of the future …

The past trading week witnessed remarkable fluctuations coinciding with the beginning of the second quarter of the year 2024, as strong US economic data raised speculation about the ability of the US Federal Reserve to reduce interest rates and when it might make such a decision. The week concluded with …