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.
Recommended Articles
Goldman Sachs ( GS) 's latest precious metals research report on gold ( XAUUSD) price trends presents a "structurally bullish, tactically cautious" dual outlook, maintaining its year-end
The United Arab Emirates (UAE) has officially announced that it will formally withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance on May 1.Bl
Gold price (XAU/USD) holds steady near $4,600 during the early Asian session on Wednesday. The precious metal steadies as traders await a key Federal Reserve (Fed) interest rate decision later on Wednesday.
Global financial markets are set for a "Super Central Bank Week" this week, as five major central banks, including the Federal Reserve, the European Central Bank, and the Bank of Japan, a
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.
Related Instrument
