BoJ’s Uchida: Japan's economy recovering moderately albeit with some weak signs
Source Fxstreet
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Friday that “Japan's economy recovering moderately albeit with some weak signs.”
Additional quotes
Underlying inflation likely to gradually accelerate.
Uncertainty surrounding Japan's economic, price outlook remains high.
Must be vigilant to financial, FX market developments and their impact on Japan’s economy, prices.
BoJ will decide specifics on bond tapering plan, size of reducting in bond buying will likely be significant.
Japan's financial system remains stable as a whole.
Market reaction
At the time of writing, USD/JPY is adding 0.04% on the day to trade near 159.00.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
Gold (XAU/USD) is seen extending the previous day's modest pullback from the vicinity of the $4,900 mark, or a fresh all-time peak, and drifting lower through the Asian session on Thursday.
Gold Price Forecast: XAU/USD gains momentum to near $5,050 amid geopolitical risks, Fed uncertaintyGold price (XAU/USD) extends its upside to around $5,050 during the early Asian session on Tuesday. The precious metal gains momentum amid growing concerns about financial and geopolitical uncertainty. The US ADP Employment Change and Consumer Confidence reports will be published later on Tuesday.
Gold price (XAU/USD) extends its upside to around $5,050 during the early Asian session on Tuesday. The precious metal gains momentum amid growing concerns about financial and geopolitical uncertainty. The US ADP Employment Change and Consumer Confidence reports will be published later on Tuesday.
Santiment says XRP and Ethereum sit in a 30-day MVRV “undervalued” zone, with XRP at -5.7% and ETH at -7.6%, while Bitcoin is listed at 3.7% and XRP has rebounded above $1.9 after dipping to $1.8 on Sunday.
Bitcoin struggles with precarious positioning amidst macroeconomic volatility, closing the week below key support and setting the stage for potential further declines.
Related Instrument
