View full page at forexfactory.com

 

USD/JPY Forecast: BoJ Chatter, the US Labor Market, and Powell in Spotlight

From fxempire.com

On Wednesday, investors must consider Bank of Japan comments about exiting negative interest rates. Inflation figures for Tokyo supported investor bets on an April pivot from negative rates. The core annual inflation rate accelerated from 1.8% to 2.5% in February. However, Shunto-related updates also need consideration. The Bank of Japan requires a positive outcome to spring wage negotiations to consider exiting negative rates. A marked increase in wages could fuel household spending and demand-driven inflationary pressures. The BoJ would exit negative rates to ensure price stability. On Tuesday, Deputy Chief Cabinet ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis