The EUR/JPY cross stages a modest bounce of over 50 pips from the 158.70 region, or a four-week low touched during the Asian session on Thursday, albeit lacks strong follow-through buying.
EUR/JPY attracts some buyers on Thursday amid a modest JPY downtick. The divergent BoJ- ECB policy expectations keep a lid on any further upside. The cautious market mood also warrants some caution for aggressive bulls. Spot prices currently trade around the 159.20-159.25area, and for now, seem to have stalled this week's retracement slide from the vicinity of the 163.00 round figure.
Bank of Japan FAQs What is the Bank of Japan? The Bank of Japan is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%. What has been the Bank of Japan’s policy? The Bank of Japan has embarked in an ultra-loose monetary policy since 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/JPY trims a part strong intraday gains, manages to hold above 159.00 markThe EUR/JPY cross builds on the previous day's goodish bounce from the 154.40-154.35 region, or the YTD low and scales higher during the Asian session on Tuesday.
Read more »
NYT ‘Strands’ Today: Hints, Spangram And Answers For Thursday, August 8 (#158)I write about the art, business and culture of video games, with a focus on Overwatch 2. I also cover casual word games, such as Connections, Strands and Quordle. Along with my work at Forbes, I'm a contributing reporter at Engadget. In addition to games, I write about tech, film, TV and the internet.
Read more »
NYT ‘Strands’ Today: Hints, Spangram And Answers For Friday, August 9 (#159)I write about the art, business and culture of video games, with a focus on Overwatch 2. I also cover casual word games, such as Connections, Strands and Quordle. Along with my work at Forbes, I'm a contributing reporter at Engadget. In addition to games, I write about tech, film, TV and the internet.
Read more »
Astronomers explore the properties of quasar 1604+159Chinese astronomers have conducted multi-frequency polarimetric observations of a quasar known as 1604+159. Results of the observational campaign, published August 13 on the pre-print server arXiv, shed more light on the properties of this quasar, including its morphology and magnetic field.
Read more »
Woman Reveals 2 Things That Helped Her Lose 159 PoundsSince becoming a freelance writer in 2019, Emily has developed significant experience covering viral pop culture moments and trending news topics in the health and wellness space, while also writing about mental health, relationships, and smarter living.
Read more »
EUR/JPY pares intraday losses, remains below 160.00 amid hawkish BoJ-inspired JPY strengthThe EUR/JPY cross comes under some renewed selling pressure on Thursday and moves away from the weekly peak, around the 161.45 region touched the previous day.
Read more »