-
USD/JPY Is Back on the Move on Ultra-Loose BoJ Policy Talk
It was a relatively busy day ahead for the USD/JPY. Following the larger-than-expected slide in industrial production, the market focus shifted to the manufacturing PMI. In February, the PMI fell from 48.9 to 47.7 versus a prelim 47.4. The better-than-expected numbers had a limited impact on the Yen, with the PMI unlikely to influence the Bank of Japan. Bank of Japan monetary policy chatter remained the focal point, with BoJ Board Member Nakagawa speaking this morning. Nakagawa stated that the Bank of Japan must maintain an ultra-loose monetary policy over the near term. On inflation, Nakagawa said, “There’s a ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Edited 1:18am Mar 1, 2023 12:06am | Edited 1:18am
- Bakker
- Joined Jun 2011 | Status: Member | 2899 Comments
- Comment #2
- Quote
- Mar 10, 2023 5:32am Mar 10, 2023 5:32am
-
Horiyomy - | Joined Jul 2018 | Status: Member | 81 Comments
-
- Older Stories
-
From business.nab.com.au|Feb 28, 2023AUD performance in February was an almost exact mirror image of January. Hence after January saw AUD/USD trade from an early-month low of 0.6688 to a late month high of 0.7142, ...
-
From bnnbloomberg.ca|Feb 28, 2023China’s manufacturing activity recorded its highest monthly improvement in more than a decade in February as factories reopened after the Lunar New Year holiday, giving more ...
-
From bnnbloomberg.ca|Feb 28, 2023Australia’s economy expanded at a slower-than-expected pace in the final three months of 2022, in a sign the Reserve Bank’s rapid interest-rate increases are beginning to weigh on ...
-
- Newer Stories
-
From msn.com|Feb 28, 2023Shop prices are now 8.4% higher than they were a year ago, up from an 8% increase in January and well above the three-month average of 7.8%, according to the British Retail ...
-
From fitchratings.com|Feb 28, 2023Service-sector wage-inflation risk will be relatively low in China amid a demand in recovery, due to the high unemployment rate, weakened financial standing of low-income ...
-
From channelnewsasia.com|Mar 1, 2023Bank of Japan (BOJ) board member Junko Nakagawa said on Wednesday the central bank must maintain ultra-loose monetary policy for the time being, as the economy has yet to ...
- Story Stats
- Posted: Feb 28, 2023 10:45pm
- Submitted by:Category: Technical AnalysisComments: 2 / Views: 987
- Linked events:
