Easy financial conditions will be maintained for the time beingMonetary policy conduct from now on will depend on state of economy, prices at the timeWill […]
BOJ governor Ueda says will continue to watch impact of FX on economy, pricesBOJ governor Ueda says will continue to watch impact of FX on economy, prices
If FX fluctuations affect underlying inflation, that could be a consideration for monetary policyWeak yen is not having a big impact on trend inflation so […]
France April consumer confidence 90 vs 92 expectedFrance April consumer confidence 90 vs 92 expected
Prior 91 French household confidence remains sluggish in April, falling back and continuing to keep below its long-term average of 100. There is more pessimism […]
BOJ governor Ueda says chance of a prolonged weakness in the yen is not zeroBOJ governor Ueda says chance of a prolonged weakness in the yen is not zero
We can preemptively judge if weak yen affects inflation, spring wage talks next yearBut FX impact on inflation is usually tentative The headline remark is […]
If our forecasts materialise, achievement of 2% inflation target is extremely close – UedaIf our forecasts materialise, achievement of 2% inflation target is extremely close – Ueda
Forecasts, schmorecasts. It’s tough to even make a call six months from now, let alone talking about projections in a year or two. Besides, their […]
USD/JPY not waiting around for Ueda to finish up, jumps higherUSD/JPY not waiting around for Ueda to finish up, jumps higher
There was some profit-taking in the run up to Ueda’s press conference. But as soon as he started speaking, the focus has been more on […]
European indices open higher as stocks look for more optimistic end to the weekEuropean indices open higher as stocks look for more optimistic end to the week
Eurostoxx +0.5%Germany DAX +0.6%France CAC 40 +0.5%UK FTSE +0.7%Spain IBEX +0.6%Italy FTSE MIB +0.6% The better sentiment is carried by tech shares though, with S&P […]
USD/JPY ramps higher as Ueda loses controlUSD/JPY ramps higher as Ueda loses control
BOJ governor Ueda is still speaking but he’s not saying anything about the currency and recent developments. He’s preaching to the choir in saying that […]
USDJPY Technical AnalysisUSDJPY Technical Analysis
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed […]
A light one on the data docket in Europe todayA light one on the data docket in Europe today
After some back and forth action yesterday, the dollar is holding steadier so far on the day at least. USD/JPY is in focus after the […]