NFP results: USD/JPY up, gold down
Today's NFP brought us some strong data - how did Forex react?
BOJ's Kuroda considers North Korea to be a major risk to global outlook
As Bank of Japan Governor Haruhiko Kuroda stressed, resuming tensions in North Korea were among major risks to a brightening global economic outlook. He added that the major bank was closely monitoring the impact on financial markets as well as Japan's economy.
He also backed the BOJ's 2% inflation target, labeled by many financial experts as too ambitious, telling that Japan’s major financial institution can help keep long-term currency moves steady by simply setting its price objective at a level equivalent to other key banks.
As with other key financial institutions, the BOJ's first line of defense versus major economic as well as market shocks would be to provide unlimited amounts of liquidity via transactions.
In April-June, Japan's economy managed to expand at an annualized rate of 2.5%, thus demonstrating the longest streak of expansion for 11 years, on firm exports as well as a pick-up in consumption.
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NFP results: USD/JPY up, gold down
Today's NFP brought us some strong data - how did Forex react?
NFP forecasts from 10 major banks
Today is the big day! Investors are waiting for NFP at 15:30 MT time.
Main market news on June 5
EUR skyrocketed after the ECB statement ,stocks keep rallying, gold froze ahead of NFP
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