Events to Look Out for Next Week
There is much riding on next week’s ECB meeting, as the EUR is threatening to lastingly drop below parity to the dollar. Political turmoil in Italy adds further pressure on…
Read More »USD/JPY poll – forecasts as high as 140. Bank of Japan direct intervention looks unlikely,
Reuters took a poll this week (July 1 to 6), 61 analysts responded. Main points: median forecast was for 131 in six months’ time, compared with 126.84 in last month’s…
Read More »EURJPY: ECB and BOJ Policy Divergence
ECB President Christine Lagarde’s speech today at the ECB Forum was largely a rehash of what she communicated at the ECB press conference earlier this month. She said that the…
Read More »Japanese Yen Weakens to 1998 Low as Nasdaq 100 Rallies, Eyes on Asia-Pacific Trade
The Japanese Yen weakened to a 1998-low as the Nasdaq 100 rallied on Tuesday, a consequence of the Bank of Japan defending its ultra-loose policy last week. Will stocks rally…
Read More »Market Update – June 17 – Deeply underwater
USD drifted (USDIndex 103.15) thanks to the hawkish SNB and BoE, and the potential for a shift from the BoJ. However, the BoJ eventually left policy on hold & maintained…
Read More »BTC/USD May Break 20,000 as Bank of Japan Decision Looms
Bitcoin prices may break below the psychologically important 20,000 level after sentiment collapsed on Wall Street. The Bank of Japan's interest rate decision is set to cross the wires today.
Read More »Japanese Finance Minister Suzuki comments on BOJ bankrolling public debt
Japan’s fin min rolling out the commentary again, making a point that the Bank of Japan is not a branch of the government and is not there to fund government…
Read More »JPY Forecast Q2 2022: Will Inflation Surpass the Bank of Japan’s Target?
The anti-risk Japanese Yen put in a dismal performance during the first quarter of 2022, particularly as March wrapped up. A majors-based Japanese Yen Index that averages JPY against USD,…
Read More »BOJ says its buying more JGBs because upward pressure on yields threatened the upper limit
The Bank of Japan says it announced steps to increase its bond-buying, saying the yield curve was under strong upward pressure, which could push the 10-yr JGB yield above the upper…
Read More »BOJ Gov Kuroda: Global commodity prices more than weak yen pushing up Japan consumer CPI
more to come Bank of Japan Governor Kuroda: @page { size: 21cm 29.7cm; margin: 2cm } p { margin-bottom: 0.25cm; line-height: 115%; background: transparent } global commodity price rise is…
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