Nada Choueiri, deputy director of IMF’s Asia-Pacific Department and mission chief for Japan, stated that IMF remains “supportive” of BoJ’s current monetary policy course. She emphasized that rate hikes should be implemented in a gradual and flexible manner to ensure that domestic demand continues to recover. Choueiri projected that BoJ’s policy rate could rise “beyond […]
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Daily Pivots: (S1) 1.2360; (P) 1.2437; (R1) 1.2511; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. While corrective rebound from 1.2099 could still extend, upside should be limited by 38.2% retracement of Read more…
Daily Pivots: (S1) 0.9015; (P) 0.9038; (R1) 0.9074; More… Intraday bias in USD/CHF remains neutral for the moment as consolidations from 0.9200 continues. Outlook will remain bullish as long as 0.8956/64 support holds. Firm break Read more…
Markets The BoE cut its policy rate yesterday by 25 bps to 4.5% in a 7-2 vote (2 members in favour of 50 bps rate cut). BoE governor Bailey later warned not to read too Read more…