USD/JPY declines towards 129.00 as USD Index looks to crack further ahead of US GDP – by Sagar_Dua24 USDJPY BOJ Fed GDP Inflation
. The USD Index is auctioning around a seven-month low at 101.10 and might slip further amid the risk-on market mood.
A recovery in the S&P500 futures after investors shrugged off uncertainty over the ongoing earnings season improved theof the market participants. Meanwhile, economists at UBS have doubts that the rally in the 500-US stock basket will prove durable.
On the Japanese Yen front, Bank of Japan Governor Haruhiko Kuroda has confirmed that the central bank “will resolutely keep the monetary environment easy.”added that “the BoJ aims to regain market functionality by tweaking yield curve control operations while maintaining an easy monetary environment.
Meanwhile, the release of the BoJ Summary of Opinions might bring an action to USD/JPY ahead. The minutes from BoJ's Summary of Opinions indicate that the is accelerating for both goods and services. It will take time for Japan to achieve sustained wage growth for that the BoJ must support the economy with macro policy.
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.
USD/JPY drops to fresh daily low, below 130.00 handle amid prevalent USD selling biasThe USD/JPY pair comes under some selling pressure on Tuesday and reverses a major part of the previous day's positive move, snapping a two-day winnin
Read more »
EUR/USD looks for a decisive cross above 1.0900 amid a subdued USD IndexThe EUR/USD pair has refreshed its day’s high minutely above the round-level resistance of 1.0900 and is aiming to shift the auction profile above the
Read more »
USD/JPY Price Analysis: Expects volatility contraction amid Ascending Triangle formationUSD/JPY Price Analysis: Expects volatility contraction amid Ascending Triangle formation USDJPY RiskAppetite Volatility ChartPatterns SupportResistance
Read more »
Selling USD/JPY rallies as BoJ unconventional policies are not sustainable – BofAEconomists at Bank of America Global Research look to sell USD/JPY on rallies. At the same time, they expect more upside potential for the British Pou
Read more »
USD/JPY Forex Signal: Approaches its Make or Break LevelThe Japanese yen drifted downwards against the US dollar on Tuesday morning as the market embraced a risk-on sentiment. USDJPY Forex Signal
Read more »
USD/JPY retreats from six-day highs below 130.00The USD/JPY spiked to 131.21, following the release of US economic data but then pulled back toward 130.00 as stocks turned positive on Wall Street. T
Read more »