OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: BoJ minutes shows gradual bias towards JGB purchases - OCBC Bank

Emmanuel Ng of OCBC Bank notes that BoJ minutes this morning showed that some members are holding a slight bias towards purchasing longer term JGBs as a form of additional monetary easing.

Elsewhere, he notes that elsewhere, Deputy BOJ governor nominee Iwata kept up with the dovish rhetoric by stating that monetary policy is central to the new administration’s policies and called for bold monetary easing to achieve the 2% inflation target – echoing comments from the BOJ’s Ishida from Monday. In the interim, he is expecting the USD/JPY to attempt to push the envelope towards the upside with 95.00 perceived as a key psychological support.

Forex Flash: Yen decline intact with little to disrupt momentum for now - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that after the stronger than expected employment report from the US on Friday, the USD/JPY rate has continued to drift higher and there was nothing during the Asian trading session to disrupt that momentum.
Read more Previous

Forex Flash: Wheeler eyes mounting inflation amidst record housing prices – UBS

Data released overnight showed that regional house prices in New Zealand hit yet another record high in February – house prices in Christchurch and Auckland were amongst the worst affected. Building consents are rising too, recently hitting levels last seen just before the Global Financial Crisis struck when the overnight cash rate was 8.25% (not today's level of 2.5%).
Read more Next
Start livechat