EUR/USD 1.13260
0.110%
Gold 3371.18
1.115%
Oil 58.159
2.100%
USD/JPY 143.683
-0.013%
GBP/USD 1.33057
0.074%
GBP/JPY 191.185
0.103%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
European Commission Vice President Šefčović: The current EU-US tariff situation is unacceptable.Spains composite PMI in April was 52.5, expected to be 53, and the previous value was 54.Spains April services PMI was 53.4, in line with expectations of 54 and previous value of 54.7.1. Commerzbank: Uncertainty in US policies may lead to a long-term decline in the US dollar. 2. Goldman Sachs: The Fed is unlikely to cut interest rates because of weak "soft data". 3. Danske: Europe and the US will rise to 1.22 within 12 months. 4. Turkeys consumer price index rose 37.86% year-on-year in April, hitting a 40-month low. 5. Switzerland is close to deflation, increasing the possibility of the central bank turning back to negative interest rates. 6. The Hong Kong dollar exchange rate hit the strong side of the exchange guarantee again, and the Hong Kong Monetary Authority injected a total of HK$116.614 billion on the 4th. 7. Reuters survey: The Malaysian central bank will maintain the overnight policy rate at 3.00% on May 8, 2024, with 24 of the 30 economists holding this view. The Malaysian central bank will lower the overnight policy rate to 2.75% at the end of the fourth quarter, lower than 3.00% in the April survey. 8. The Philippine central bank: It will continue to take a cautious approach in deciding to further ease monetary policy. 9. Barclays: If the rupiah remains stable, the Indonesian central bank may cut interest rates by 25 basis points at its May meeting.U.S. and Brent crude oil prices rose by about 2.00% during the day and are now trading at $58.08 per barrel and $61.41 per barrel, respectively.

As investors await BOJ involvement, the EUR/JPY exchange rate rises toward 143.00

Daniel Rogers

Oct 13, 2022 14:46

截屏2022-10-13 上午10.04.03.png 

 

The EUR/JPY pair is clinging to the nearby 142.60 barrier during the Tokyo session. The asset, which is up for auction between 142.25 and 142.60, is poised for an upward breakout as the risk-off drive begins to wane. The European Central Bank (ECB) President Christine Lagarde's hawkish remark has energized the shared currency's bulls, pushing the cross closer to the significant hurdle of 143.00.

 

The Governing Council is debating Quantitative Tightening (QE), according to an ECB policymaker, who also underlined that the interest rate is the best tool for the current economic environment. It is likely that restrictive policy measures will remain as long as prices in the trading bloc keep rising and show no signs of slowing.

 

The possibility of a second intervention by the Bank of Japan (BOJ) in the currency markets is growing on the Tokyo front. The current value of the yen, according to Japanese authorities, does not accurately reflect economic realities. The USD/JPY pair has significantly beyond the area where the BOJ intervened last month.

 

Hirokazu Matsuno, chief cabinet secretary of Japan, said: "We are actively watching FX movements with a high sense of urgency and will take appropriate measures on excessive FX swings." Despite declining to comment on daily variations in the FX sector. The declaration was made following the USD/JPY pair's multi-year peak at roughly 146.40.


Suggestion