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 holds below 150 ahead of BoJ meeting

BoJ's holding 2-day meeting on Monday and Tuesday The Japanese yen is drifting on Monday after pushing the US dollar back below 150 on Friday. In the European session, USD/JPY is trading at 149.71, up 0.05%. Will BoJ tweak yield curve control? The Bank of Japan holds its two-day meeting beginning on Monday and there's plenty of anticipation around the meeting.

30-10-2023 08:04 GMT by Kenneth Fisher

Nikkei 225: Short-term positive momentum emerged ahead of BoJ

Recent decline in the Nikkei 225 has managed to stall again at the key 200-day moving average with positive momentum seen in the hourly RSI indicator. Bank of Japan's (BoJ) latest quarterly outlook report will be closely watched; upbeat inflationary forecasts for FY 2023/2024 may signal a faster pace of monetary policy normalization. The TOPIX Banks and Financials sectors have started to price in such a “quickened pace” of policy normalization scenario in the past week. Watch the 30,490/30,32

30-10-2023 02:20 GMT by Kelvin Wong