OctaFX | OctaFX Forex Broker
Open trading account

Toshiro Muto leading candidate for BOJ governor post, Reuters says

According to a Reuters article published earlier this morning by Leika Kihara and Yoshifumi Takemoto, Toshiro Muto is the favorite candidate to be appointed next Japan's central bank governor. The Prime Minister Shinzo Abe has told reporters earlier today that he aims at picking a nominee this week if possible, Reuters said.

If that is the case, the first reaction from the market would be Yen positive, consensus suggests, as Mr. Muto, who was BOJ deputy governor under the Koizumi-led LDP government, while defending a 2% inflation target, he is not particularly prevalent to implement on foreign policies, having been slightly negative on foreign bond purchases.

Forex Flash: CFTC report presents two big positioning adjustments - TDS

The CFTC Commitments of Traders Report ending February 12 brought two big positioning adjustments, notes the TD Securities Team .
Read more Previous

Forex: GBP/USD deepens below 1.5500

Cable is down -0.24% for the week so far, last at 1.5480, and about -4.7% lower since year 2013 started. As CMT and FXstreet.com Independent Analyst Fan Yang notes: “There could be some reaction here, but there is still more room until key support in the 1.5250-1.5260 area. A bullish pullback is possible, but a break from a consolidation to the upside can make a stronger case since this upside outlook is against the trend since Dec,” the analyst says.
Read more Next
Start livechat