GBPJPY: BoJ prompts strong rally
In today’s Asian trading session, the Bank of Japan announced that it kept its accommodative monetary policy unchanged, with its benchmark interest rate and 10-year government bond yield holding steady…
Read More »New BOJ governor nominee likely to be presented to Diet Feb 10 – sources
Original source: https://www.investing.com/news/stock-market-news/new-boj-governor-nominee-likely-to-be-presented-to-diet-feb-10–sources-2981159
Read More »HFM’s Outlook 2023: Japan and the Yen
Japan and the Yen – 2023 Outlook The Japanese Yen was the weakest currency in 2022 because of the Bank of Japan’s commitment to maintaining a loose monetary policy, effectively…
Read More »USD/JPY bulls move in and eye a correction towards 129.50
USD/JPY is pressured due to a number of impactful macro themes, including the Bank of Japan’s recent pivot, the Federal Reserve’s decreasingly hawkish
Read More »Bitcoin makes a break for it before stalling at the November high
<p>Bitcoin began to spring to life on Thursday and has gone straight-vertical since as risk assets globally spike. The high was $21,292 where it ran into some sellers just ahead…
Read More »Events to Look Out For Next Week
Trading activity could gear up quickly to begin the abbreviated week with the key question still being how much further policymakers will have to boost rates. The inflation figures out…
Read More »Japan December (final) Services PMI 51.1 (prior 50.3)
<p>Earlier this week we had:</p><ul><li><a href="https://www.forexlive.com/news/japan-manufacturing-pmi-for-december-final-489-vs-prior-490-20230104/" target="_blank" rel="follow" data-article-link="true">Japan manufacturing PMI for December (final) 48.9 (vs. prior 49.0)</a></li></ul><p>The preliminaries and priors for the December PMIs are here:</p><ul><li><a href="https://www.forexlive.com/news/japan-jibun-preliminary-flash-manufacturing-pmi-for-december-488-prior-490-20221216/" target="_blank" rel="follow">Japan…
Read More »USD/JPY aims to resume upside journey from 132.00 as BOJ favors further policy easing
The USD/JPY pair has corrected gradually to near the critical support of 132.00 in the early Asian session. The asset has witnessed weak selling press
Read More »Reminder – most of Asia is on holiday today, forex liquidity is extremely thin
<p>ICYMI,<a href="https://www.forexlive.com/news/a-barrage-of-asian-market-holidays-incoming-next-week-fx-guide-20221223/" target="_blank" rel="follow"> I posted last week on the holidays in major FX centres in Asia this week</a>. The whole week is going to be more or less a…
Read More »AUDJPY: Rounding Top Downside Breakout Detected
AUDJPY, Daily The RBA appeared to fulfil market expectations by offering clues in the RBA minutes on when it will end its tightening cycle. According to the minutes, the central…
Read More »