BoJ kept its uncollateralized overnight call rate unchanged at 0.25%, as widely anticipated, with an 8-1 vote in favor. Naoki Tamura dissented, advocating for a rate increase to 0.50%. Governor Kazuo Ueda, speaking at the post-meeting press conference, reiterated that rate hikes would proceed cautiously. He noted, “If the economy and prices move in line […]
The post BoJ stand pat, highlights wage and global risks appeared first on Action Forex.
USDJPY spiked to new multi-month high on Thursday, after Bank of Japan kept interest rates unchanged in today’s policy meeting, adding to positive signals for dollar from Fed’s hawkish rate cut on Wednesday. Although BoJ’s Read more…
The New Zealand dollar had a miserable Wednesday, plummeting 2.3%. NZD/USD has reversed directions Thursday and is trading at 0.5659 in the European session, up 0.66% on the day at the time of writing. The Read more…
Market picture The cryptocurrency market lost 3% in 24 hours amid a sell-off in financial markets following comments from the Federal Reserve. Capitalisation fell to $3.51 trillion, and at the low it dipped below $3.48 Read more…