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<p>This comes after his remark <a href="https://www.forexlive.com/centralbank/we-will-have-more-data-at-april-meeting-compared-to-march-ueda-20240123/" target="_blank" rel="follow">here</a> on having more information to work with in April, which would be fitting amid the release of their quarterly out

<ul><li>Accommodative conditions will continue for a while</li><li>Moderate growth in consumption will continue after the spring due to wage hikes</li><li>Even if real wages are negative, a policy change is possible if outlook is positive</li></ul><p>We all know that they are waiting on the spri

<p>The change in tone from Ueda today is making the difference, with USD/JPY tumbling by roughly 100 pips on his press conference. The pair was hugging the 148.00 mark earlier on but is now trading closer to 147.00 as Ueda looks to be teeing up a policy move in March or April next.</p><p>As you can […]

<ul><li>Uncertainty is still high about how widespread wage hikes will be</li><li>But it is not as high as uncertainty seen last year</li><li>Can't deny side effects to negative interest rate policy</li><li>Will foresee further rate hikes when exiting negative interest rate policy</li></

<ul><li>Economy is progressing in line with our forecast</li><li>Our confidence has grown in the achievement of price target</li><li>This confirms economy is proceeding based on existing price outlook</li><li>There is no change in our stance to carefully examine price trends</li><li>Cannot

<ul><li>Closely watching the outcome of the spring wage negotiations</li><li>Want to confirm virtuous cycle of wages and prices is in place</li></ul><p>The Japanese yen is moving higher on this comment here, with USD/JPY now down 0.2% to 147.80 on the day. All of this continues to point to March or April as

<ul><li>Japanese economy to gradually pick up moving forward</li><li>Must carefully watch financial, FX market moves and their impact on prices</li><li>Will not hesitate to take additional easing measures if necessary</li></ul><p>The headline remark fits with the subtle change in wording as outl

<p>The ban on stock selling initially only applied to major mutual funds but the sources cited in the report say that it is now being expanded to some insurers as well. From last week: <a href="https://www.forexlive.com/news/chinas-largest-brokerage-has-placed-restrictions-on-short-sales-20240119/" target="_blank" rel=&

<p>It's been a rather dull start to the week for European traders, with no major economic releases to deal with so far. Today will be no different but things should pick up with PMI data tomorrow and then the ECB on Thursday.</p><p>Given the lack of data releases, the focus of the session will be more […]

<p>In case you missed it, from earlier:</p><ul><li><a href="https://www.forexlive.com/news/bloomberg-headline-china-mulls-stock-market-rescue-package-backed-by-278-bn-20240123/" target="_blank" rel="follow">China mulls stock market rescue package backed by $278 bn</a></li><l