Tag Archives: BOJ

EUR/JPY drops after facing barricades around 137.00, ECB on track to hike rates

EUR/JPY is declining gradually after failing to sustain above the critical hurdle of 137.00. The shared currency bulls are facing the heat as German Lindner has displayed a gloomy Eurozone outlook. Despite the prolonged ultra-loose monetary policy, the BOJ is failing to inflation rate above 2%. The EUR/JPY pair has slipped to near 136.85 after… Read More »

USD/JPY establishes above 135.00 as DXY strengthens ahead of US Inflation

USD/JPY is witnessing a balanced profile above 135.00 as pre-inflation anxiety hit risk-impulse. The plain-vanilla US CPI may slip to 8.7% whereas the core CPI is expected to advance to 6.1%. Japan’s cabinets re-shuffle to keep the yen bulls on the tenterhooks. The USD/JPY pair is walking northwards briskly to recapture its two-week high at… Read More »

USD/JPY sees upside above 135.50 despite lower consensus for the US Inflation

USD/JPY is expected to witness more gains if the asset oversteps 135.50 decisively. Fed’s intention to elevate interest rates will remain intact despite lower US CPI print. The BOJ is committed to bringing pre-pandemic growth rates. The USD/JPY pair is addressing an inventory distribution phase after a perpendicular upside move from the critical support of… Read More »

GBP/JPY aims to extend recovery above 163.50, spotlight is on UK GDP

GBP/JPY is expected to extend their gains above 163.50 on higher UK inflation expectations. The UK economic data comprising GDP, Industrial Production, and others are likely to remain downbeat.  Japan’s Overall Household Spending improved to 3.5% vs. -0.5% and the expectations of 1.5%. The GBP/JPY pair has given an upside break of the consolidation formed… Read More »