On Monday, the EUR/JPY traded in the 156.60 - 157.55 range. On the one hand, the Japanese Yen is trading with gains against most of its rivals, includ
Governor Ueda pointed out that a pivot may come by year’s end.On Monday, the EUR/JPY traded in the 156.60 - 157.55 range. On the one hand, the Japanese Yen is trading with gains against most of its rivals, including the USD, GBP, AUD, etc., mainly driven by a rise in Japanese Government Bond yields after Bank of Japan comments on monetary policy.
The 2- and 5-year JGB yields rose to their highest level since January, while the 10-year JGB rate broke above the 0.70% level. On the EUR side, markets await the ECB’s decisions on Thursday. The expectations are mixed as the World Interest Rates Probabilities tool suggests that markets discount nearly 40% odds of a 25 basis point hike and analysts predict that the decision will be a close call. In addition, Lagarde’s tone and the ECB’s statement will be closely watched for investors to look for clues regarding forward guidance.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dangerous Pattern Emerging for ETH, Price Could Crash to $1.4K (Ethereum Price Analysis)Ethereum's price has taken a notably bearish turn, breaching several critical support levels and tilting on the verge of a concerning death cross. Despite
Read more »
EUR/JPY drops to 156.80 following BoJ’s Ueda hawkish commentsThe EUR/JPY cross loses traction below the 157.00 mark during the early European trading hours on Monday. The cross currently trades near 156.65, losi
Read more »
Here Are the Most Probable Scenarios for XRP in the Coming Days (Ripple Price Analysis)Ripple's price has been relatively stagnant over the past week, showing little intent to move in either direction. However, analyzing nearby support and
Read more »
Silver Price Analysis: XAG/USD climbs back above $23.00, upside potential seems limitedSilver attracts some buyers on the first day of a new week, snapping an eight-day losing streak, and climbs back above the $23.00 round-figure mark du
Read more »
GBP/JPY Price Analysis: Loses traction near 183.20 within the descending triangle, Bear Cross eyedThe GBP/JPY cross trades within the descending triangle pattern since August. The cross currently trades around 183.22, losing 0.56% on the day. The r
Read more »
WTI Price Analysis: Remains confined in multi-day-old trading range, bulls have the upper handWestern Texas Intermediate (WTI) Crude Oil prices ticks lower during the Asian session on Monday, albeit lack follow-through selling and currently hov
Read more »