USD/JPY: Trades with a downside bias – DBS
Source Fxstreet
USD/JPY has a downside bias if it consolidates in a 145-150 range, DBS’ FX analyst Philip Wee notes.
Ishiba has affirms the Bank of Japan’s independence
“Japan Prime Minister Shigeru Ishiba has affirmed the Bank of Japan’s independence, looking to correct his earlier remark in early October about opposing future interest rate hikes.”
“Heading into the snap election on October 27, the Ishiba government probably realized the critical role played by the BOJ’s hikes in addressing the JPY’s weakness, which is responsible for the higher cost of living besetting voters.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Silver Price Forecast: XAG/USD plummets below $76 as oil price posts fresh weekly highSilver price (XAG/USD) is down almost 2.3% to near $76.00 during the European trading session on Thursday. The white metal faces selling pressure as oil prices extends its winning streak for the third trading day on Thursday.
Silver price (XAG/USD) is down almost 2.3% to near $76.00 during the European trading session on Thursday. The white metal faces selling pressure as oil prices extends its winning streak for the third trading day on Thursday.
The USD/JPY pair is seen consolidating in a narrow band around mid-159.00s during the Asian session on Tuesday as traders opt to wait for the crucial Bank of Japan (BoJ) before placing fresh directional bets.
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