High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Ueda: Don’t think long-term rates will come under pressure to exceed 1%
Today's steps came partly as a result of rising US long-term ratesStrength of inflation, wages still not sufficientInflation outlook is slightly improved but can't say with full confidence that it can be sustainedBut we are getting gradually closer to achieving the...
BOJ governor Ueda: Will patiently continue monetary easing with decided new measures
Will closely scrutinise economy, price situation by examining wages and pricesMain reasons for inflation outlook overshoot compared to July are longer-than-expected effects of price pass-through and rising oil pricesBut we are not in a situation to foresee sustainable...
France Q3 preliminary GDP +0.1% vs +0.1% q/q expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Heads up: BOJ governor Ueda press conference coming up later
There will definitely be a lot to say, now especially as the Japanese yen has fallen in the aftermath of their policy decision today. But I reckon Ueda will continue to maintain that they do acknowledge firmer inflation developments but they're not at a point yet to...
Eurozone inflation in focus in the session ahead
Japanese yen bulls were left disappointed by the BOJ once again as the central bank continues to kick the can down the road. Each and every time they could have made a statement to markets, they decide to back down and play it safe instead. It has been the case ever...
Dollar looks to recoup losses in trading today
The dollar lost some ground to start the new week as a better risk mood and a fall in USD/JPY overnight did not help with trading sentiment yesterday. The latter owed to growing market expectations of a shift higher in the 10-year JGB yields ceiling by the BOJ....
The BOJ underdelivers once again
Heading into the policy decision, market expectations were brought up in anticipating a change to the 10-year JGB yields ceiling i.e. from 1% to perhaps 1.25% or 1.50%. However, the BOJ instead chose to keep the focus on the 1% mark by making it a sort of point of...
ForexLive Asia-Pacific FX news wrap: BOJ formalises 1% 10year JGB yieldcap, USD/JPY to 150
USD/JPY retraced much, but not all, of its overnight move lower in the lead-up to the Bank of Japan statement. The USD traded a touch higher against other major FX also. The yield on the 10 year JGB approached 1.0% ahead of the statement, following the Nikkei report...
Bank of Japan October 31 Statement – full text
Central Banks <!--> --> <!--> --> <!--> Full text:Also, this added to it:As I said earlier:The last time the Bank of Japan allowed an expanded range for the 10 year JGB yield tolerance band the Bank explained this was to make ultra-easy policy...
USD/JPY jumped back to 150 on the Bank of Japan statement
The last time the Bank of Japan allowed an expanded range for the 10 year JGB yield tolerance band the Bank explained this was to make ultra-easy policy more sustainable. Today the BOJ set the 1% cap more firmly in place, cementing that reasoning, it looks like loose...
Bank of Japan Monetary Policy Statement: Changes language around 1% 10year JGB cap
BOJ October 30 / 31 Monetary Policy Board meeting decision - no extension of the cap to 1.5% but instead formalised the 1% cap. Keeps short-term interest rate target at -0.1% Keeps 10-year JGB yield target around 0% Widens reference range to 1.0% point up and down...
The Bank of Japan policy statement is very slow coming – something’s cooking
There is no firmly scheduled time for the Bank of Japan announcement and statement. It's a good bet to expect it sometime in the 0230 to 0330 GMT time window based on past experience.The but is the longer it takes the more likely there is to be some sort of...
JPMorgan Securities Japan expects BOJ to start tweaking policy in 2024, remove YCC first.
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
ECB Vice President Luis de Guindos is speaking on Tuesday
Due on Tuesday, 31 October 2023 at 1630 GMT, 1230 US Eastern time:Remarks and colloquium by ECB Vice President Luis de Guindos with students organised by ICADE UniversityThe European Central Bank looks set to be on hold for some time at current rates. If De Guindos...
Bank of Japan decision due soon – expectations have swung to a 1.5% 10 year JGB ceiling
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Report that crypto funds had largest single week of inflows in over a year: ETF optimism
CoinShares data being cited for the reports that crypto-focused funds had the largest single week of inflows in over a year. This comes amidst the feverish optimism that a U.S. spot bitcoin exchange-traded fund will soon get approved by the US Securities and Exchange...
China Oct PMIs: Manufacturing 49.5 (expected 50.2) Non-manufacturing 50.6 (expected 51.8)
China's factory activity unexpectedly pulled back in October, dropping convincingly back into contraction. There was the week-long holiday at the beginning of the month but that was a known known factored into estimates. There had been some 'green shoots' of economic...
PBOC sets USD/ CNY mid-point today at 7.1779 (vs. estimate at 7.3024)
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading...
HSBC CEO says the worst has passed for China’s real estate implosion
HSBC CEO Noel Quinn spoke with media, saying the worst of China's real-estate crisis is over, the government efforts to ease the sector's debt-implosion were working:"They went very deep and hard over a short period of time," "The sector has now adjusted, it's...