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The pair is cautious today as the European session gets underway, but heads towards a profitable month, while BoJ governor Kuroda reiterated the commitment to stimulatory policies
Inflation in Japan stayed above the central bank’s target, as today’s data showed, while the pair is soft after Wednesday’s 24-year highs
The common currency is having a profitable week so far, but runs another losing month, contained by familiar key technical levels
The gold price retested its bearish continuation pattern following its breakdown.
The pair is soft, as headline Consumer Price Index (CPI) rose to 9.1% year-over-year in May, in the aftermath of last week’s fifth straight rate hike by the BoE in order fight it
The BoJ is defending the 25bp level on its JGBs. However, it is questionable if the central bank can maintain this, given the current global economy.
The Bank of Japan did not make any changes to its ultra-loose monetary policy, but made a rare reference in the foreign exchange, give the Yen’s weakness
The common currency jumped as the ECB reportedly called an unscheduled meeting, while markets brace for the Fed’s policy decision, amidst pressure for 75 basis points rate increase
GBPUSD declines as Fed and BoE policy aggressiveness diverges.
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