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 surges as Bank of Japan stays pat

The US dollar has posted sharp gains on Friday. In the European session, USD/JPY is trading at 143.85, up 0.88% at the time of writing.

20-09-2024 05:49 GMT by Kenneth Fisher

NZD/JPY Technical: Another potential falling knife as Fed and BoJ looms next week

The CME FedWatch tool has suggested a total of 250 bps Fed funds rate cuts through September next year, to bring the Fed funds rate to 2.75%-3.00%. An upbeat BoJ’s monetary policy statement next Friday may trigger another round of JPY strength. Watch the key levels of 83.80 and 91.60 on the NZD/JPY. This is a follow-up analysis of our prior report “JPY crosses face another round of potential downside pressure as NFP looms” published on 6 September 2024. Click here for a recap.

13-09-2024 07:28 GMT by Kelvin Wong