ECB and BoJ Meetings

As the markets head into the final week for the month of April, the economic calendar continues to steam ahead with lot of economic releases. Central bank meetings take the spotlight this week with both the European Central Bank and the Bank of Japan lined up. No changes are expected from either of the central bank meetings this week. However...

2018-04-24 John Benjamin Read more
April Tankan survey

On Sunday of last week, the Bank of Japan’s quarterly tankan manufacturing and non-manufacturing survey data was released. Covering the period of the first quarter, data showed that confidence among the larger manufacturing firms in Japan weakened for the first time in two years. The decline in confidence came as investors remained cautious o...

2018-04-13 John Benjamin Read more
BoJ Hawkish outlook

The Bank of Japan will be holding its monetary policy meeting later this week on Friday. The BoJ's meeting comes on the heels of the ECB meeting on Thursday. While no changes to interest rates are expected from the BoJ, the central bank's statement is likely to garner a lot of attention. The markets continue to flip-flop on the Japanese yen o...

2018-03-23 John Benjamin Read more
Fed meeting minutes and US inflation

The markets head into a busy week that sees some of the major central bank monetary policy meetings lined up. This week, the RBA, the Bank of Japan, the ECB and the BoC will be holding their monetary policy meetings. Despite the line up of the central bank meetings, no major changes are expected from either of the central bank monetary policy de...

2018-03-23 John Benjamin Read more
BoJTapering

The US Dollar fell sharply against the Japanese Yen yesterday in response to the Bank of Japan’s announcement that it will reduce its purchase of long term bonds. The BOJ announced that it will cut it's purchases of 10 – 25 yr JGB’s to 190bln Yen and 80bln Yen respectively. The move is particularly interesting as, over recent weeks, traders have...

2018-01-17 James Harte Read more
Hawkish ECB Expectations

EURUSD Non-Commercials increased their net long positions in the Euro last week, buying a further 36k contracts to take the total position to 128k contracts. Investors have been increasing their upside exposure over recent weeks, as the market anticipates a faster pace of accommodative monetary policy removal over the coming year. The key f...

2018-01-17 James Harte Read more
JPY

Eurozone to slow, US to expand So what is ahead for the ECB and BOJ Over 2018? Among the forecasts and projections being laid out for the year ahead, one of the consensus calls  for 2018 is that growth in the eurozone will slow down while growth in the US is expected to ramp up. Following an expansion in growth this year, most analysts are expe...

2018-01-17 James Harte Read more
Bank of Japan keeps policy on hold

BoJ votes 8 - 1 to keep monetary policy steady. Central bank keeps the main interest rates unchanged at -0.10% Japanese Government bond yields target remains unchanged at 80 trillion yen. BoJ signals optimism as it expects growth and inflation to rise moderately. The Bank of Japan held its monetary policy meeting on Thursday last...

2018-01-17 John Benjamin Read more
EURUSD 21.12.17

Daily Forex Market Preview, 21/12/2017 The Bank of Japan's monetary policy meeting held earlier today saw interest rates and the central bank's QQE purchases remaining unchanged as expected. The board members voted 8 -1 to keep monetary policy unchanged while keeping the government bond holdings steady at 80 trillion yen. The BoJ Governor ...

2017-12-21 John Benjamin Read more

The Bank of Japan will be one of the last central bank meetings lined up for this year this week. The central bank is expected to make no changes with its QQE program and interest rates which currently stand at -0.10%. This comes amid nascent signs of improvement in the economy. The BoJ meeting will conclude with the release of the monetary p...

2018-01-17 John Benjamin Read more