2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
Long-term yield target won’t be raised by BOJ in 2018
The vast majority of financial experts surveyed by Reuters are assured that the Bank of Japan is going to keep its long-term interest rate objective intact in 2018, although 40% hope for a lift, reflecting the soaring speculation because Japan's economy keeps strengthening.
Haruhiko Kuroda is widely anticipated to be asked to keep ruling the BOJ.
A great number of financial experts didn't predict the BOJ unwinding its huge stimulus in 2018, although 16 did.
2 were assured that the Bank of Japan could start cutting back already in April, while 2 told it could take place in September. Additionally, 8 experts chose October, while 4 picked up December.
Aside from that 17 experts hoped the wind down would burst out in 2019 or a bit later.
Market experts also thought the country’s major bank would continue targeting an annual soar in its bond holdings of about 80 trillion yen.
However, some experts told the target happens to be a pure facade because the BOJ’s actual buying has dived to half that pace.
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.