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: 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

USD/JPY rises, all eyes on BoJ after wage deal

The Japanese yen has extended its losses against the US dollar for a fourth straight day and is down 1.1% this week. In the European session, USD/JPY is trading at 148.70, up 0.28%. Japanese unions win big, BoJ considering rate hike Japan’s largest trade union announced today that workers at Japan’s largest firms would receive a 5.28% salary raise, a huge victory for workers.

15-03-2024 05:23 GMT by Kenneth Fisher