At their January 2023 meeting, the BOJ: Held interest rates at -0.1% Maintained a target for 10-year JGB at ‘around’ 0% (with +/- 0.5% band) Members voted unanimously to hold policy Played cards (unconfirmed) Outlook Read more…
The Bank of Japan (BoJ) kept its below-zero interest rate and its faltering yield curve control policy unchanged. No-action sent the Japanese 10-year yield tumbling by up to 14 bp – that’s almost a 30% Read more…
Market movers today Today’s focus will be on hard data from the US as we get the December PPI, retail sales and industrial production. Retail sales is the most important number, as it will be Read more…
USD/JPY: Looking at the Daily chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. To add confluence to this bias, price is Read more…
Daily Pivots: (S1) 156.57; (P) 157.30; (R1) 158.22; More… GBP/JPY’s break of 161.22 resistance suggests short term bottoming at 155.33. Intraday bias is back on the upside. Sustained trading above 55 day EMA (now at Read more…
Daily Pivots: (S1) 137.77; (P) 138.70; (R1) 139.19; More…. EUR/JPY rebounded strongly today but stays below 142.84 resistance. Intraday bias remains neutral first. On the downside, break of 138.00 support should resume whole decline from Read more…
Daily Pivots: (S1) 0.8743; (P) 0.8815; (R1) 0.8852; More… Immediate focus is now on 0.8768 support in EUR/GBP. Sustained break of 0.8768, and 38.2% retracement of 0.8545 to 0.8896 at 0.8762, will argue that whole Read more…
Credit: Apple Apple has announced two new MacBook Pro models and a Mac Mini. The MacBook Pro models come with M2 Pro or M2 Max chips, while the Mac Mini comes with an M2 or Read more…
Daily Pivots: (S1) 1.5372; (P) 1.5498; (R1) 1.5567; More… No change in EUR/AUD’s outlook and intraday bias remains neutral. Another fall cannot be ruled out, but strong support could be seen from 38.2% retracement of Read more…
Daily Pivots: (S1) 1.0752; (P) 1.0811; (R1) 1.0846; More… EUR/USD is staying in consolidation from 1.0873 and intraday bias remains neutral. Further rally is expected as long as 1.0482 support holds. On the upside, break Read more…