BOJ likely to stress its resolve to keep monetary policy ultra-loose. Russo-Ukraine tussles weighs on the market sentiment. Fed speaking and expectations of an aggressive Federal Reserve rate hike boosted the greenback. USD/JPY trades higher after BOJ's resolve to keep monetary policy ultra loose amidst bullish sentiment surrounding dollar. As per Reuters report on [...]
The falling yields and the risk-off mood benefitted the safe-haven JPY. Following the US, the UK has also announced fresh sanctions on Russia after its war in Bucha. Market is ignoring the impact of hawkish stance of the Fed. The yen pair traded low on Thursday trading session on falling yields and the prevalent [...]
The Bank of Japan (BOJ) on Tuesday told the market it would make unlimited amounts of purchases of 10-year JGBs at 0.25%. Japan's Policymakers stressed the need to keep monetary policy easy despite of rising prices. Japan Prime Minister orders cabinet to compile relief package to combat rising prices. US dollar is trading low [...]
As widely expected, the BOJ left unchanged a -0.1% target for short-term interest rates and pledged to guide long-term rates around 0%. Japan braces for tougher covid-linked restrictions due to wide spread of the Omicron variant. US dollar is high as traders braced for the possibility of a hawkish surprise from the Federal Reserve. [...]
