Bank of Japan Holds Rates Steady, Kazuo Ueda's Afternoon Speech Highly Anticipated!

Source Tradingkey

TradingKey - The Bank of Japan kept its interest rate unchanged at 0.5%, leading to a slight rebound in Japanese stocks, while Governor Kazuo Ueda's afternoon speech became the market's focus.  

On Wednesday, the Bank of Japan unanimously decided to maintain the interest rate at 0.5%, in line with market expectations. The report stated that although some areas remain weak, the Japanese economy is recovering moderately.

Following the Bank of Japan's decision, Japanese stocks rose. As of press time, the Nikkei 225 index was up 0.69% at 38,107 points, while the TOPIX index rose over 1% to 2,812 points.

altText

Nikkei 225 Index Chart, Source: Google.

At 14:30 this afternoon, Bank of Japan Governor Kazuo Ueda will hold a press conference. The market's focus will be on his views regarding the risks posed by U.S. President Trump's trade tariff policies to Japan's economy and whether the Bank of Japan will adjust the pace and schedule of future rate decisions.

According to public information, the Bank of Japan has five more rate decision meetings this year, scheduled for May 1, June 17, July 30, September 19, October 30, and December 19.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Stellar Price Forecast: XLM eyes triangle breakout rally amid PayPal’s stablecoin integration buzzStellar (XLM) ticks higher by nearly 1% at press time on Friday, adding minor gains to the 5% surge from Sunday. Stellar nears the resistance trendline of a descending triangle pattern after bouncing off its support floor on Wednesday, accounting for a near 12% surge. 
Author  FXStreet
7 Month 07 Day Mon
Stellar (XLM) ticks higher by nearly 1% at press time on Friday, adding minor gains to the 5% surge from Sunday. Stellar nears the resistance trendline of a descending triangle pattern after bouncing off its support floor on Wednesday, accounting for a near 12% surge. 
placeholder
Gold price slides closer to $3,300 amid the emergence of some USD buyingGold price (XAU/USD) attracts fresh sellers at the start of a new week and slides to the $3,300 neighborhood, or a multi-day low during the Asian session.
Author  FXStreet
7 Month 07 Day Mon
Gold price (XAU/USD) attracts fresh sellers at the start of a new week and slides to the $3,300 neighborhood, or a multi-day low during the Asian session.
placeholder
Dogecoin Resistance Walls Ahead: Analyst Flags 3 Key LevelsAn analyst has pointed out three key resistance levels for Dogecoin that could be to keep an eye on, based on on-chain data. Dogecoin URPD Shows These Price Levels Stand Out In a new post on X,
Author  NewsBTC
7 Month 08 Day Tue
An analyst has pointed out three key resistance levels for Dogecoin that could be to keep an eye on, based on on-chain data. Dogecoin URPD Shows These Price Levels Stand Out In a new post on X,
placeholder
Tron Price Forecast: TRX handles over $21 billion in weekly USDT transfers, surpassing EthereumTron (TRX) is hovering around $0.287 at the time of writing on Tuesday after rising nearly 4% the previous week. The TRX network has processed over 13 billion transactions and handles more than $21 billion in USDT transfers each week, surpassing Ethereum (ETH).
Author  FXStreet
7 Month 08 Day Tue
Tron (TRX) is hovering around $0.287 at the time of writing on Tuesday after rising nearly 4% the previous week. The TRX network has processed over 13 billion transactions and handles more than $21 billion in USDT transfers each week, surpassing Ethereum (ETH).
placeholder
Gold price drifts lower as reduced Fed rate cut bets offset trade jittersGold price (XAU/USD) struggles to capitalize on the previous day's goodish rebound from a one-week low – levels just below the $3,300 mark – and trades with a mild negative bias during the Asian session on Tuesday.
Author  FXStreet
7 Month 08 Day Tue
Gold price (XAU/USD) struggles to capitalize on the previous day's goodish rebound from a one-week low – levels just below the $3,300 mark – and trades with a mild negative bias during the Asian session on Tuesday.
goTop
quote