Japan Economy

BOJ

BOJ Aims for Stability with 2.5% Wage Hike in May

Quick Look: BOJ aims to achieve 2% inflation through wage hikes, which is crucial for economic stability. BOJ’s July 30-31 meeting may result in an interest rate hike due to wage growth. Wage increases are spreading from large to smaller firms, with service price hikes noted. Wage developments are critical in BOJ’s near-zero interest rate …

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The Historic Pivot of Japan’s Monetary Policy

Quick Look The Bank of Japan (BOJ) ends eight years of negative interest rates, marking its first hike in seventeen years. Despite the hike, Japan is cautious due to its fragile economic recovery, with rates still hovering around zero. Asian markets react with mixed sentiment as global investors eye the Federal Reserve’s upcoming meeting and …

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Best yen exchange rate makes gains, while the dollar stabilised

BoJ’s Policy Shifts and USD/JPY Dynamics

Quick Look BoJ’s lack of clear guidance prompts the USD/JPY rally, reaching critical resistance. USD/JPY now teeters at the edge of intervention zones; caution is advised. BoJ’s recent policy adjustments stir market predictions; all eyes are on Governor Ueda’s conference. “Trade of the Week” highlights potential shifts and advises strategic positions in USD/JPY. The Bank …

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The EUR/USD Pair Declined on Thursday. What about GBP?

EUR, USD, JPY, GBP, AUD, NZD, CNY Forecast for Thursday

The EUR/USD continued its downtrend in the Asian session on Thursday morning. The pair traded near the multi-month low, around 1.1795, for a while. However, currently, it stands at 1.1790, higher by 0.01% for the day. The U.S. Dollar Index remained steady at a 13-week high against six major rivals on Thursday, despite the Federal …

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EUR/USD, USD/JPY, and GBP/USD Forecast for Wednesday

The EUR/USD pair remained red on Wednesday, suffering from mild downside momentum on the four-hour chart. It is trading below the 50, 100, and 200 simple moving averages on the four-hour chart currently. However, EUR/USD has rebounded from the previous multi-month low of 1.1808. Below 1.1808, the pair’s next support lines are at 1.1760 and …

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EUR/USD, Forex market, Dollar

Analytical Overview of the EUR/USD, USD/BRL, GBP/USD, USD/JPY Pairs

EUR/USD tumbled down to a post-FOMC low as the greenback strengthened further on Thursday. The pair traded at 1.1840, reaching its lowest level since April 6. Meanwhile, the U.S. dollar continued rallying. The currency maintained its uptrend despite yesterday’s month and quarter end-trading. However, several key events will take place in the following days, and …

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The EUR/USD Pair Lowered on Monday. What about GBP/USD?

USD, EUR, GBP, JPY, AUD, CAD, and KWD – Technical Analysis

The Euro declined by 0.1% to $1.1923 on Monday, as it struggled to rebound to the $1.20 level. The EUR/USD pair mostly rallied during the last week. However, it seems, the common currency has run out of momentum late in the week. During a meeting on June 16th, the Federal Reserve’s officials made hawkish forecasts, …

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