$USDJPY Forex Signal: Matching Towards 127 After BoJ Surprise
It rose to 131.53, which was the highest level since January 12. The pair then dropped to a low of 127 as the market reacted to the BoJ surprise.The USD/JPY price reacted to the decision by the BoJ. In it, the bank’s committee voted unanimously to maintain its yield curve control. In it, it will purchase a necessary amount of Japanese government bonds without setting the upper limit so that the 10-year yields remain at about plus and minus 0.5%.
Defending the yield curve has become an expensive affair. For example, it has already spent over 17 trillion yen buying government bonds. At the current exchange rate, this is equivalent to over $132 billion. The rate decision was a surprise since most analysts were expecting the bank to tweak its message about yield curve control. Precisely, they were expecting it to lift the cap of the bond yield range that has been in place since 2016. The bank also decided to leave its short-term bond yield to -0.1%has been slowly picking up. Recent data showed that consumer price index surged to almost 4% in December as energy and food prices rose.
The USD/JPY price also reacted to the weak economic data from Japan. According to the statistics agency, core machinery orders dropped by 8.3% in November, signaling that the economy is slowing. Meanwhile, in the United States, data revealed that retail sales plunged by 1.1% in December while the producer price index dropped from 7.3% in November to 6.2% in December.The USD/JPY price rose and then declined after the BoJ decision and US retail sales numbers. It was trading at 128.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
USD/JPY Price Analysis: Storm continues above 131.00 amid unchanged BOJ interest rate policyThe USD/JPY pair is continuously driving vertically, showing no mercy to intermediate resistances amid weakness in the Japanese Yen after the announce
Leer más »
USD/JPY fluctuates around 128.50, ahead of the BoJ’s decisionUSD/JPY clings to its earlier gains as the North American session begins, though it’s retracing after hitting daily highs of 129.16 before the Wall St
Leer más »
USD/JPY holds tightly above 128.00 as BoJ anticipation risesUSD/JPY portrays the typical pre-event anxiety as it seesaws near 128.20-30, picking up bids of late, as markets in Tokyo open for the key Wednesday.
Leer más »
Breaking: BoJ stands pat on yield control policy, USD/JPY rocketsAt its first monetary policy meeting of this year, the Bank of Japan (BoJ) board members decided to make no changes to their monetary policy settings
Leer más »
USD/JPY jumps 200-pips to cross 130.00 as BoJ holds interest rate, YCC policy intactUSD/JPY jumps 200-pips to cross 130.00 as BoJ holds interest rate, YCC policy intact – by anilpanchal7 USDJPY BOJ YieldCurve Currencies CentralBanks
Leer más »
Forex Today: US Dollar tracks USD/JPY higher after BoJ’s inactionHere is what you need to know on Wednesday, January 18: The US Dollar recovery from multi-month troughs gathers steam early Wednesday, triggering a fr
Leer más »