In a marked contrast to fellow BoJ board member Naoki Tamura’s recent remarks, Toyoaki Nakamura, known for his dovish stance, stressed the need for a more cautious approach towards tightening Japan’s monetary policy. Speaking at an event, Nakamura noted, “Sustainable and stable achievement of our 2% inflation isn’t in sight yet. We therefore need more […]
The post BoJ Nakamura: Achievement of 2% inflation isn’t in sight yet appeared first on Action Forex.
Daily Pivots: (S1) 1.6190; (P) 1.6214; (R1) 1.6230; More… EUR/AUD’s fall from 1.6598 resumed by breaking through 1.6161, and intraday bias is back on the downside. Deeper decline should be seen to 1.5996/6002 key support Read more…
Daily Pivots: (S1) 1.0497; (P) 1.0554; (R1) 1.0600; More… EUR/USD is still extending consolidation above 1.0495 temporary low, and intraday bias stays neutral. Outlook remains bearish with 1.0760 support turned resistance intact. On the downside, Read more…
Daily Pivots: (S1) 1.2618; (P) 1.2666; (R1) 1.2702; More… Intraday bias in GBP/USD remains neutral for the moment, as consolidation continues above 1.2596 temporary low. Outlook stays bearish with 1.2842 support turned resistance intact. On Read more…