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A trio of central bank decisions coming up from the BoJ, Fed and BoE One might hike, one might stand pat and the other cut rates ECB to also be in focus as Eurozone flash GDP and CPI data are due Week will culminate with crucial US jobs report BoJ expected to taper; will it […]

The post Week Ahead – BoJ, Fed and BoE Meetings: A Hike, a Hold and a Cut? appeared first on Action Forex.

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22/01/2024

USD/JPY: Yen Pauses in Anticipation of Bank of Japan’s Decision

In 2024, the yen has significantly depreciated against other currencies. The USD/JPY chart indicates that since the first trading day of January, the exchange rate has risen by more than 5%. However, since the 18th, there has been a lull, and it may be disrupted today or tomorrow due to the Bank of Japan’s meeting, […]
30/11/2023

Focus Turns to EA and US Inflation

Market movers today Today we get the HICP inflation numbers for the euro area. After yesterday’s lower-than-expected Spanish and German prints, consensus expects the euro area figure at 2.5% y/y. At 14:30 FED’s preferred inflation gauge is released. Consensus expects the PCE core to slow down to 0.2% m/m SA, mirroring a similar decline in […]
21/12/2023

After BoJ Decision, Yen Traders Turn to CPIs and Summary of Opinions

BoJ keeps policy ultra-loose, does not hint at change Friday’s data may reveal slowdown in inflation Wage negotiations key for exiting negative rates Next week’s Summary of Opinions also in focus Yen traders turn attention to national CPI numbers On Tuesday, the Bank of Japan decided unanimously to keep interest rates untouched at -0.1% and […]