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Expects BOJ to conduct monetary policy appropriately
It is up to BOJ to decide on monetary policy
Believes that BOJ is doing its part in playing its role in accordance with the government
The government has been trying to prioritise wage growth in order to faciliate the BOJ to do their job...
We are recently seeing rapid moves
Alarmed over FX moves, including those driven by speculators
If you take in the December move, then yeah there is a decent surge higher in USD/JPY but owing mostly to bond yields I would say. This month itself, the pair is rather "well behaved". In fact, it...
There is just one to take note of, as highlighted in bold.
That being for EUR/USD at the 1.0300 mark. That could keep price action in a tighter cage in the session ahead, weaving in and around the figure level for the most part. That especially with broader markets also eyeing the US CPI report...
Analysis of Macroeconomic Reports:
There are few macroeconomic events scheduled for Wednesday, but almost all are very important. In the UK, the inflation report for December will be released. Although the Bank of England has not significantly softened its monetary policy, this report could...
Analysis of Tuesday's Trades
1H Chart of EUR/USD
The EUR/USD currency pair continued its correction on Tuesday, following a recent downward movement in the overall bearish trend. There were no local macroeconomic or fundamental factors to explain this movement. As is typical, several speeches...
Analysis of Tuesday's Trades
1H Chart of GBP/USD
On Tuesday, the GBP/USD pair attempted to continue its upward correction but ultimately stumbled again. Throughout the day, the British pound experienced more declines than gains. Similar to the euro, there were no specific reasons for this...
At 09:00 (GMT+2), December data on the Consumer Price Index will be published in the UK. It is the main indicator of the level of inflation in the country and determines changes in retail prices for a certain basket of goods and services (food, transport, utility costs, healthcare, etc.), and...
Japan’s Finance Minister Katsunobu Kato said on Wednesday that he “will closely monitor discussions at the Bank of Japan (BoJ) policy meeting next week.” Additional quotes Expect the BoJ to conduct monetary policy appropriately.