The USD/JPY seems to ignore the diverging policy outlook of its respective central banks and is gaining bullish traction, ahead of BoJ and Fed’s monetary policy decisions, on Wednesday.
The Dollar appreciates against the Yen unfazed by the diverging Fed/BoJ policy outlook. The BoJ is expected to launch an aggressive quantitative tightening program on Wednesday. USD/JPY has breached 154.80 and might extend beyond 155.35 to the 155.75 area. Fed and BoJ are about to advance on diverging paths The Federal Reserve is widely expected to leave its benchmark interest rate unchanged, although recent data has boosted hopes that they might anticipate their easing cycle.
They are influenced by base lending rates, which are set by central banks in response to changes in the economy. Central banks normally have a mandate to ensure price stability, which in most cases means targeting a core inflation rate of around 2%. If inflation falls below target the central bank may cut base lending rates, with a view to stimulating lending and boosting the economy.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY remains on the defensive below 154.00, Fed/BoJ rate decision in the spotlightThe USD/JPY pair trades on a weaker note near 153.90 during the early Asian session on Tuesday.
Read more »
USD/JPY Price Analysis: Consolidates around 154.00 yet remains bearishThe USD/JPY consolidates at around last week's lows yet trades with minuscule gains of 0.18% amid lower US Treasury yields and a risk-on impulse.
Read more »
USD/JPY consolidates above 156.00 in countdown to BoJ/Fed policy interest rate policiesThe USD/JPY pair trades back and forth in a tight range above the crucial support of 156.00 on Monday’s European session.
Read more »
USD/JPY: Pair Eyes 152 Support Breach With BoJ Hawks CirclingForex Analysis by Investing.com (Damian Nowiszewski) covering: USD/JPY. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Read more »
USD/JPY drops below 156.00 amid suspected BoJ interventionThe USD/JPY pair attracts some sellers near 155.75 on Thursday during the early Asian trading hours.
Read more »
USD/JPY Eyes 155 Breach as BoJ-Sparked Downtrend Gathers MomentumForex Analysis by Investing.com (Damian Nowiszewski) covering: USD/JPY. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Read more »