Bank of Japan (BoJ) news

The Bank of Japan (BoJ) is the central bank of Japan. It conducts monetary policy to achieve price stability and financial system stability. The BoJ employs various tools, including quantitative easing and yield curve control, to influence economic activity and promote sustainable growth in Japan.

USD/JPY Technical: JPY strength halted right at the 151.70 support as BoJ hiked interest rate. What’s next for the JPY?

BoJ hiked its overnight interest rate to 0.25% and announced its “Quantitative Tightening” plan, without much major surprises. USD/JPY sold off but still hovering above its 151.70 key short-term support. Cannot rule out the possibility of another minor mean reversion rebound in USD/JPY before a bearish impulsive down move sequence unfolds with next medium-term support supports coming in at 149.50 and 146.20/144.60. This is a follow-up analysis of our prior report, “USD/JPY Technical: Potent

31-07-2024 03:50 GMT by Kelvin Wong

USD/JPY - All eyes on Bank of Japan, yen slips

The Japanese yen has sparkled in the second half of July but has lost steam this week. USD/JPY is trading at 154.88 in the European session, up 0.57% on the day at the time of writing. To hike or not to hike The Bank of Japan meets early Wednesday and the markets aren’t sure what to expect.

30-07-2024 06:04 GMT by Kenneth Fisher