EUR/JPY holds ground above 156.40 mark ahead of the BoJ, ECB rate decisions – by lilyfinancial EURJPY Crosses BOJ ECB
from the European Central Bank and Bank of Japan .
On Monday, the Hamburg Commercial Bank reported that the German HOCB Composite PMI decreased to 48.3 in July from 50.6 in June. This figure might raise the possibility that the economy will enter a recession during the second half of the year. Meanwhile, the HCOB Composite PMI for thedecreased to 48.9 from 49.0 in the same period. The index hit its lowest point in eight months.
Later this week, the cross could turn volatile as the ECB schedules its policy meeting for Thursday. The central bank is expected to raise interest rates by 25 basis points . Market participants speculate that the ECB will raise borrowing costs in July and September.Governor Kazuo Ueda put an end to speculation of a Yield Control Curve policy change and said that there was still some way to go before reaching the 2% inflation target.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Workers at 156-year-old Wisconsin brewery stage first strike in decadesLeinenkugel's, a popular Midwestern brewery, is facing its first strike since 1985 as workers say raise offer doesn't keep pace with inflation.
Lire la suite »
EUR/JPY Price Analysis: Decent resistance turns up around 158.00EUR/JPY comes under some moderated downside pressure and retreats to the low-156.00s following Friday’s YTD tops just above 158.00 the figure. In the
Lire la suite »
USD/JPY oscillates around the 141.70 area ahead of BoJ, Fed rate decisionsThe USD/JPY pair consolidates in a narrow range in the early Asian session. The pair currently trades near the 141.74 area, down 0.06% on the day. Mar
Lire la suite »
Japan’s Top FX Diplomat Kanda: BoJ likely to revise inflation projections upJapan’s Top FX Diplomat Kanda: BoJ likely to revise inflation projections up – by anilpanchal7 Japan BOJ RiskAversion NewsTrading USDJPY
Lire la suite »
Asian Stock Markets: Rise ahead of Fed, ECB and BoJ; China lags despite hopes for more stimulusAsian Stock Markets: Rise ahead of Fed, ECB and BoJ; China lags despite hopes for more stimulus – by hareshmenghani Asia Equities Nikkei China CentralBanks
Lire la suite »