BoJ keeps policy unchanged

The Bank of Japan's monetary policy meeting held last week on Friday saw no major changes to interest rates or the central bank's QE program as widely expected. However, the BoJ removed its reference to following a time-frame for achieving the inflation target which surprised some analysts. The BoJ said that this was done in a bid to keep the ma...

2018-05-04 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
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
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
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
Japan GDP

Bank of Japan April Meeting Summary: Interest rates left unchanged at -0.10% QQE purchases unchanged at 80 trillion yen 2017 – 2018 GDP forecasts increased from 1.5% to 1.6% 2017 – 2018 (core) inflation forecasts reduced from 1.5% to 1.4% Inflation goal expected to be reached by April 2018 As widely expected, the Bank of Ja...

2017-04-27 John Benjamin Read more
Yen_Japan

During the first trading day of the week and early morning hours of the Asian session, a few economic figures were released from Japan and China which had a notable impact on the markets. However, the US elections outcome and the positive momentum toward Trump’s action to calm the market is here to stay and has overshadowed these figures. In thi...

2016-11-14 Nour Eldeen Al-Hammoury Read more
Japan GDP

Market Summary BoJ Kuroda says will not hesitate to ease monetary policy FOMC voting member, Mester says Fed close to meeting it policy mandate Sweden retail sales fall for a second consecutive month UK markets are closed on account of bank holiday US core PCE increased 1.60% on the year US consumer spending maintains gains...

2016-08-29 John Benjamin Read more
Bank of Japan

The Yen reacted sharply to the Bank of Japan Governor, Kuroda's comments made earlier today to the Japanese Parliament, gaining close to 1% against the Greenback. The Yen rallied after the Governor said that the real effective exchange rate of the Yen was weak and that he finds it hard to see further declines. The BoJ Governor expressed dissatis...

2015-06-11 John Benjamin Read more