2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
Kuroda's optimism on Japan’s economy pushes yen to 4-month maximum
On Monday, BOJ Governor Haruhiko Kuroda offered an upbeat view on the Japanese economy as well as inflation, thus pushing the Japanese yen to a fourth-month maximum versus the US currency on simmering speculation the country’s major financial institution could withdraw stimulus earlier than anticipated.
Financial markets generally neglected Kuroda's reminder that the Bank of Japan is going to maintain its huge stimulus in a sign of how nervous traders have become on when it might join other major banks in dialing back crisis-mode stimulus.
Additionally, the country’s major bank also offered its most optimistic view on Japan’s regional areas in almost a decade in a quarterly report, thus underscoring its conviction a broadening revival will help to step up inflation to its ambitious 2% objective.
In the quarterly report, the Bank of Japan managed to raise its assessment for up to 3 of the country’s 9 regional economies. It also maintained rather a rosy view for the remaining six ones.
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.