EUR/USD 1.17066
-0.060%
Gold 4698.96
0.218%
Oil 96.913
-0.062%
USD/JPY 157.914
0.023%
GBP/USD 1.35109
-0.089%
GBP/JPY 213.361
-0.064%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Alibaba Health (00241.HK): Q1 2026 revenue was RMB 34.255 billion, a year-on-year increase of 12%.Alibaba Health (00241.HK): Net profit for the first quarter of 2026 was RMB 1.936 billion, representing a year-on-year increase of 35.2%.JPMorgan Chase raised its target price for Cisco (CSCO.O) from $96 to $120.On May 14th, local time, Hungary lifted its state of emergency. In May 2022, then-Prime Minister Viktor Orbán declared a state of emergency nationwide due to the conflict between Russia and Ukraine that began on February 24th of that year. Subsequently, Parliament repeatedly authorized the government to extend the state of emergency for 180 days, until May 13th, 2026. The Hungarian Basic Law stipulates three special legal situations: a state of war, a state of emergency, and a state of danger, under which the government has the power to issue decrees.On May 14, according to a video released by the office of Philippine Vice President Sarah Duterte, Duterte criticized the executive branch for disrespecting the Senate, pointing out that the governments actions are deepening political divisions. Furthermore, the Philippine Senate is reportedly scheduled to begin its impeachment trial against Duterte on May 18. Duterte stated that the incident involving Senator Ronald de la Rosa, former National Police Chief, in the Philippine Senate on the evening of May 13 reflects the tension between the executive and legislative branches, and that the governments actions are deepening political divisions and causing public concern about the countrys political direction.

As the BoJ ponders a YCC expansion, EUR/JPY continues to decline, falling below 142.60

Alina Haynes

Apr 06, 2023 11:52

 EUR:JPY.png

 

After plunging below 142.60 during the Asian trading session, the EUR/JPY pair's three-day losing trend was extended. Renewed rumors of an expansion of the Bank of Japan's (BoJ) Yield Curve Control (YCC) are exerting immense pressure on the cross.

 

The Japanese economy is experiencing gradual wage growth, and inflation is expected to respond to recent increases in crude oil prices. Analysts at Wells Fargo believe the BoJ will take advantage of a tactical opportunity to further modify its policy settings in the fourth quarter of 2022, and are inclined toward a meeting in October. They added that this timeframe is optimal for a smooth policy adjustment, as monetary easing from the Federal Reserve (Fed) and other major central banks should alleviate yield pressure.

 

In particular, the Bank of Japan (BoJ) will raise the target yield for 10-year Japanese government bonds (JGBs) from 0% to 0.25% and increase the tolerance interval surrounding this target to +/- 75 basis points.

 

Accelerating PMIs in the Eurozone provide support for the European Central Bank's sustained rate hikes. (ECB). S&P Global reported a Composite PMI of 53.7 on Wednesday, which was higher than the previous release of 52.0 but below expectations of 54.1, the highest level in the past ten months.

 

According to Reuters, S&P Global issued the following statement: "Manufacturing production increased slightly, but the service sector had the greatest impact on March's accelerated growth."

 

Wednesday, ECB policymaker Boris Vuji stated regarding interest rate forecasts, "The majority of the rate-hiking cycle has passed." He added, "We may require additional rate increases to address core inflation."

Suggestion