Blogs

The BOJ meeting is today, expect the announcement some time after midday in Tokyo (ie. after 0300GMT) – Background to this meeting is the monetary policy meeting was planned to run into Tuesday as well 

<p>While Dollar is under broad based pressure today, Gold hasn’t been performing very well neither. There’s strong resistance from 1747.75 short term top to limit upside for the moment, as gold retreated. Short term focus is on 4 hour 55 EMA. Break there would extend the consolidation from 1747.75 with another fall towards 1644.67

<p>BoJ decided today to purchase JGBs to and T-bills “without setting an upper-limit” to keep 10-year JGB yields at around zero percent. Governor Haruhiko Kuroda said in the post meeting conference, “by removing the bond-buying guidance, we clarified our intention to buy government bonds aggressively without setting a limit.

<p>In the Outlook for Economic Activity and Prices, BoJ said the economy is “likely to remain in severe situation for the time being” due to the impact of the coronavirus pandemic. GDP could shrink as much as -5.0% to -3.0% in fiscal 2020. Japan could also return to deflation with core CPI down -0.7 to […]

<p>BoJ announced further enhancement on monetary easing after shortening the two-day meeting to just three hours. Short term interest rate is held at -0.1%. Meanwhile, BoJ will purchase JGBs to and T-bills “without setting an upper-limit” to keep 10-year JGB yields at around zero percent. Other two measures include firstly, commer

<p>White House economic adviser Kevin Hassett told ABC&#8217;s &#8220;This Week&#8221; that the coronavirus pandemic is &#8220;really grave situation&#8221;, and the &#8220;biggest negative shock&#8221; that the US has &#8220;even seen&#8221;. He added, &#8220;unemployment rate is going to jump to a lev

<p>US Treasury Secretary Steven Mnuchin tried to sound optimistic in a Fox New Sunday interview, and predicted a rebound in the economy is Q3. He said, “I think as we begin to reopen the economy in May and June, you’re going to see the economy really bounce back in July, August, September.” “And we are […]

<p>Dollar and Swiss Franc weaken broadly today on optimism that many countries are heading towards lockdown exit. New Zealanders will return to work on Tuesday as alert level is shifted down at midnight. Even Italy is talking about reopening factories and buildings sites from May 4. New York is already planning for phased reopening in [&helli

<p>Yen is trading mixed after BoJ announced additional easing measures, following shortened monetary policy meeting. Australian and New Zealand Dollars are the strongest ones. Both countries have been performing extraordinarily well in containing the coronavirus spread and are planning for lockdown exits. On the other hand, Dollar and Swiss F

<p>BOJ announced to expand QE today. It will increase support on corporate financing and remove the annual purchase limit for JGBs, from 80 trillion yen previously. Meanwhile, the central bank left the overnight rate unchanged at -0.1%, and the yield curve control (YCC) program in order to keep the 10-year JGB yields at about 0%. […]