BoJ Governor Haruhiko Kuroda warned of the “very high uncertainty” on economic outlook due to surging commodity prices. While the economy is showing some signs of weakness, overall it’s still picking up as a trend. “We won’t hesitate to take additional monetary easing steps as necessary,” he added, repeating that short- and long-term interest rate […]
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Daily Pivots: (S1) 1.1286; (P) 1.1324; (R1) 1.1369; More… EUR/USD’s rally from 1.1064 is in progress and intraday bias stays on the upside. Correction from 1.1572 could have completed at 1.1064 already. Further rise should Read more…
The dominant driver in global markets at the moment is rising concern over the US fiscal deficit. 30-year yield surged toward 5.1% overnight, its highest level since October 2023. 10-year yield also breached the 4.6% Read more…
BoJ board member Asahi Noguchi emphasized the importance of a “measured, step-by-step” pace in raising interest rates, stressing the need to carefully assess the economic impact of each hike before proceeding further. Noguchi also addressed Read more…