USD/JPY bears eye 129.00 on BoJ Minutes, focus on US GDP, Tokyo inflation – by anilpanchal7 USDJPY BOJ YieldCurve GDP Inflation
push back hawkish bias for the Japanese central bank during early Monday. Also likely to have favored the Yen pair sellers could be the broad US Dollar weakness amid fears of softer rate hikes and a soft landing of the world’s largest economy.
That said, the latest BoJ Minutes stated that one member said inappropriate to tweak policy target. On the same line, the Minute statement also stated, “Several members said effect of powerful monetary easing will continue even ifBoJ minutes: One member said inappropriate to tweak policy target During the weekend, Japanese Prime Minister Fumio Kishida said, per Bloomberg, that it isn’t the time now to discuss revising an accord the government set with the Bank of Japan in 2013 that aimed to help achieve its 2% inflation target. officials were hawkish ahead of the two-week-long pre-FOMC blackout period.
It should be noted that the firmer inflation numbers from Japan and the BoJ’s tweaking of the Yield Curve Control policy in the previous month appeared to have triggered hawkish bias for the Japanese central bank. On the other hand, the Fed is trying to convince the markets that it still has some ammunition left and can propel the rates even if the latest US data has been favoring policy pivot talks.
Amid these plays, the yields struggle to overcome the multi-day top while the US stock futures are mildly offered by the press time.
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.
BoJ minutes: One member said inappropriate to tweak policy targetThe Bank of Japan (BoJ) minutes are out as follows: One member said inappropriate to tweak policy target. One member said there could be room to debat
Read more »
Pairs in Focus This Week-GBP/USD, EUR/USD, USD/JPY, AUD/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 22nd, 2022 here.
Read more »
Japan PM keeps markets guessing on new BOJ governorJapanese Prime Minister Fumio Kishida said on Sunday that he would take the April economic situation into account when choosing the next Bank of Japan (BOJ) governor, keeping markets guessing who may replace incumbent Haruhiko Kuroda.
Read more »
Japan's Kishida says he will nominate new BOJ head next monthJapanese Prime Minister Fumio Kishida said on Sunday he would nominate a new Bank of Japan governor next month, as markets test whether the central bank will change the ultra low-rate policy of the dovish Haruhiko Kuroda.
Read more »
Six Minutes of Intense Exercise Boosts a Crucial Molecule in Your BrainSix minutes of high-intensity exercise is enough to produce a key protein in the brain, one that's important in brain formation, function, and memory, and which has been implicated in the progress of neurodegenerative disorders such as Alzheimer's disease.
Read more »
Doing 15 Minutes of Yoga Regularly Can Reduce Your Cardiovascular Risk, According to ScienceA new study found major heart health benefits to doing just a little bit of yoga.
Read more »