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: Rising US Treasury-JGB yield spreads outweigh BoJ’s intervention risk

A firmer March’s US CPI has altered the relative fundamentals narrative between the US & Japan. Reduces the risk of FX intervention from Japanese authorities to prop up a weaker JPY due to the lack of supporting fundamentals. The bullish reversal seen in the 10-year yield spread of the US Treasury over JGB may act as an impetus to support further US dollar strength. Watch the next intermediate resistances of 153.50 & 154.25 on the USD/JPY. This is a follow-up analysis of our prior report,

11-04-2024 05:35 GMT by Kelvin Wong

USD/JPY shrugs after BoJ core inflation dips

The Japanese yen continues to have a quiet week. In the North American session, USD/JPY is trading at 151.36, down 0.03%. BoJ core inflation eases to 2.3% Bank of Japan core inflation fell to 2.3% in February, down from 2.6% in January and shy of the market estimate of 2.5%.

26-03-2024 11:26 GMT by Kenneth Fisher