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Japanese Yen Eases on BoJ Dovish Statement
The Japanese Yen eased on Wednesday morning after the BoJ Deputy Governor indicated that the Japanese central bank would not raise interest rates if global markets remained unstable. This statement has calmed the market and unwound concerns about Yen carry trades. Meanwhile, the dollar has regained strength, with the dollar index (DXY) climbing above the $103 mark. Additionally, the New Zealand dollar is in focus as today’s New Zealand job data exceeded market expectations, showing an improved unemployment rate and higher wage growth. This suggests that the Reserve Bank of New Zealand may maintain its current ... (full story)
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- Aug 7, 2024 6:41am Aug 7, 2024 6:41am
- BaliBoyz80
- | Joined Mar 2020 | Status: Member | 832 Comments
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- Posted: Aug 7, 2024 6:15am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 3,084
