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 in holding pattern ahead of key BoJ meeting

The Japanese yen is showing limited movement to start off the week. In the European session, USD/JPY is trading is almost unchanged at 149.07. Will the BoJ raise rates on Tuesday? The Bank of Japan will make its rate announcement on Tuesday and there is a strong possibility that the BoJ will lift interest rates out of negative territory.

18-03-2024 07:50 GMT by Kenneth Fisher

USD/JPY: JPY plummeted, ignoring the possibility of a more hawkish BoJ

The recent rally of USD/JPY has ignored fundamentals (biggest Japanese wage hike in 33 years) and hawkish BoJ news flows. The current bear-steepening trajectory seen in JGB yield curves may indicate mispricing of the recent bout of JPY weakness. Watch the key short-term resistance of 149.50 on the USD/JPY as BoJ’s monetary decision outcome looms tomorrow, 19 March. This is a follow-up analysis of our prior report, “USD/JPY: All eyes on Japan's core-core inflation tomorrow” dated 26 Februar

18-03-2024 03:01 GMT by Kelvin Wong