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The USD/JPY pair surged to a four-month high as investors recalibrated their expectations for the Bank of Japan’s future actions. The consensus is now that the BoJ’s monetary policy will remain accommodative, even with the shift away from negative interest rates. On Tuesday, the Bank of Japan announced its first interest rate hike in 17 […]

The post Japanese Yen (USD/JPY) Hits Four-Month Low appeared first on Action Forex.

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14/06/2024

Bank of England Preview – Laying the Groundwork for an August Cut

We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 5.25% on 20 June, which is in line with consensus and current market pricing. Overall, we expect the MPC to stick to its current communication, priming the markets for a forthcoming start to a cutting cycle. We expect the first 25bp […]
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Fed Can End US Indices’ Divergence

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