BoJ board member Naoki Tamura indicated in a speech today that the likelihood of achieving 2% inflation target sustainably is improving. As a result, the central bank needs to gradually raise interest rates to neutral levels. Tamura estimated Japan’s neutral interest rate, or the rate that neither stimulates nor slows down economic activity, to be […]
The post BoJ’s Tamura advocates for gradual rate increase to 1% neutral mark appeared first on Action Forex.
Dollar finished last week on the back foot, reacting to Fed’s decision to cut rates by 50 bps. While the greenback lost ground to most major rivals, its decline was relatively modest. Notably, Dollar managed Read more…
EUR/USD’s strong rebound last week suggests that correction from 1.1200 has completed at 1.1001 already. Initial bias stays mildly on the upside this week. Decisive break of 1.1200 will resume whole rally fro 1.0665 to Read more…
USD/JPY’s rebound last week suggests short term bottoming at 139.57. just ahead of 139.26 key fibonacci level. Initial bias remains mildly on the upside this week. Further rise would be seen to 38.2% retracement of Read more…