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
Yen_Japan

Japanese GDP Boosts JPY JPY was stronger over the European morning following the latest data, realised overnight, which showed that Japanese GDP grew 0.3% over Q3. The increase is a result of a 0.5% positive contribution from net exports and a 0.2% negative contribution from domestic demand. Real private consumption decline, in line with expect...

2018-01-25 James Harte Read more
PARIS, FRANCE - MAY 2, 2016 : The Prime Minister of Japan Shinzo during press conference at Elysee Palace (Palais de l'Elysee) for a working visit about the summit of G7 in japan.

Political Events Continue to Pose Risks In what has become a strong theme in forex markets, political events are once again overshadowing basic economic drivers. Following the recent UK and German elections, attention has now shifted to Japan where the traditionally tame and uneventful political climate has been disrupted. Abe Calls Snap Ele...

2017-10-22 James Harte Read more
BOJ

QQE With Yield Curve Control to Remain Unhanged At their upcoming meeting this week, the BOJ is widely expected to keep their current “QQE with yield curve control” unchanged and as such, is not expected to create much market movement. The current domestic backdrop is one of political uncertainty as investors are keen to learn whether PM Abe wi...

2017-10-22 James Harte Read more
Nikkei225_Equities_0802

After two weeks of a choppy trading in most of the global equities, due to the global geopolitical tensions, some of these indices tried to recover losses. However and so far, they are still far away from recovering. This is even though the geopolitical tensions between the US and North Korea has eased significantly ahead of the Jackson Hole me...

2017-08-28 Nour Eldeen Al-Hammoury Read more
SNB intervention

CHF Sliding Lower The main market focus over the last two weeks has been the July ECB and FOMC meetings. However, aside from these two meetings there has been an important development with the SNB who finally managed to loosen their monetary policy, making the Swiss Franc the only G10 currency to weaken against the US Dollar last week. Indeed, ...

2017-08-02 James Harte Read more
Japan_Tankan_Survey_0507

The manufacturing activity, based on the survey of manufacturers surged during the second quarter, data from the Bank of Japan's quarterly Tankan survey showed. What is the BoJ Tankan survey? The data showed that confidence in the manufacturing sector rose to the highest level in more than three years. The positive data added to the optimisti...

2017-07-26 John Benjamin Read more
Kuroda_USDJPY_2302

Summary: BoJ meeting largely a non-event. No major policy changes Interest rates remain at -0.10% BoJ’s QQE remains at 80 trillion yen BoJ upgrades GDP growth by 0.1 percentage point BoJ maintains subdued inflation rate The Bank of Japan's monetary policy meeting was held earlier today. As widely expected, the central bank le...

2017-07-26 John Benjamin Read more
Bank of Japan_Yen_2205

Since the beginning of the year, the Japanese Yen has been strengthening notably after the period of weakness at the end of last year. Last year USDJPY strength came on the back of the US Dollar rally as the Fed’s kicked off its policy tightening. However, this has been a negative factor for Japan. The Bank of Japan has been trying to keep the ...

2017-07-26 Nour Eldeen Al-Hammoury Read more