Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Nikkei 225, Analysis and Charts FTSE 100 still tries to push ahead Last week the FTSE 100 outperformed its European and US counterparts by ending the week up 0.2% and not in the red like the others as the index benefitted from the
© Reuters. Investing.com– Most Asian currencies rose on Monday, recovering a measure of recent losses as the dollar fell sharply from a near six-month peak, while the Japanese yen surged as Bank of Japan head Kazuo Ueda flagged a potential pivot away from negative interest rates. Positive inflation data from China also aided broader sentiment,
Bank of Japan Governor Ueda was cited in Japanese media over the weekend with ‘exit’ comments featuring. Earlier, in chronological order: Bank of Japan Governor Ueda says his focus is on a ‘quiet exit’ reducing monetary easing USD/JPY indicating a big figure lower than Friday after ‘exit’ comments from BOJ Gov Ueda More on Bank
Share: GBP/JPY loses momentum, snaps two-day winning streak on Wednesday. UK S&P Global/CIPS Composite PMI fell to 48.6 in August vs. 50.8 prior. Japanese policymakers will closely monitor FX movements with a sense of urgency. The attention will shift to Japan’s Gross Domestic Product (GDP) due on Friday. The GBP/JPY cross struggles to
Share: EUR/JPY takes offers to refresh intraday high while reversing from multi-year high. Nine-week-old ascending resistance line restricts immediate upside amid sluggish MACD. Convergence of 10-DMA, monthly support line joins upbeat RSI to keep buyers hopeful. Upbeat Eurozone CPI, HICP data for August can bolster hawkish bias about ECB and restore upside. EUR/JPY
Share: “The timing of exit from the easy policy must be not too late but not too early,” Bank of Japan (BoJ) board member Naoki Tamura said on Wednesday. Additional comments Whether scaling back easy policy early next year will depend on various data at the time. Ending negative rate, YCC are all
Tech gremlins ate the Americas timezone wrap, I’ve included the headlines from the session here below: OK, back to the Asia session. Bank of Japan monetary policy board member Naoki Tamura spoke and dropped this into the conversation: Japan’s inflation likely to slow for time being, then accelerate moderately again Can’t rule out chance inflation
Japanese Yen, USD/JPY, US Dollar, BoJ, Intervention, JGB, Yields, Ueda, Powell – Talking Points USD/JPY is contemplating new peaks after reaching higher this week The BoJ and the Fed appear to be on differing paths, and it might assist USD/JPY The moves in Treasury yields might hold the key for USD/JPY direction Trade Smarter –
Japanese Yen (USD/JPY, GBP/JPY) Analysis Recommended by Richard Snow How to Trade USD/JPY BoJ Summary of Opinions Confirm Dovish Yield Curve Tweak Bank of Japan (BoJ) officials looked to set the record straight, that the slight yield curve adjustment announced on the 28th of July was a means of prolonging current loose monetary policy in
Share: USD/JPY recovers from the lowest level in a week, prints the first daily gain in three. US 10-year Treasury bond yields consolidate the biggest daily slump in three months. China-linked fears, hawkish BoJ Summary of Opinions and pre-inflation moves propel Yen prices. US CPI, PPI and BoJ chatters will be important for
