EUR/JPY sees upside above 142.00 despite BOJ looks to exit loose policy ahead – by Sagar_Dua24 EURJPY ECB BOJ Inflation GDP
ating a sideways profile but is likely to remain in the bullish trajectory amid an upbeat market mood.
The Euro drove the cross to neat 142.00 firmly after European Economic Affairs Commissioner Paolo Gentiloni trimmed the contraction forecast for Eurozone Gross Domestic Product . In an interview with the Italian newspaper Il Sole 24 Ore, Gentiloni stated that he expectsGDP contraction around the start of this year may be less deep than was expected in November.
He further added that “The 0.3% forecast still seemed quite solid but various factors suggested the contraction expected in the fourth quarter of 2022 and the first quarter of this year would not be so sharp as had been expected,” On the interest rate front, Reuters reported that the European Central Bank 's governing council member Mario Centeno said on Tuesday the current process of interest rate increases is approaching its end. Centeno expects that the stubborn price index will face resistance in January and February but will start falling in March.
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.
EUR/JPY Price Analysis: Creeps above the 20-DMA but stalls around 142.00EUR/JPY extends its gains to three consecutive trading days, up by 0.38%, as Wall Street finished Tuesday’s session with solid gains. On its way towar
Lire la suite »
EUR/JPY Price Analysis: Immediately to the upside comes the 143.00 regionEUR/JPY extends the recovery for the second session in a row and looks to consolidate the breakout of the 141.00 barrier on Monday. In light of the on
Lire la suite »
EUR/JPY Price Analysis: Recovery has further legs to goEUR/JPY advances for the third consecutive session and flirts with the 142.00 neighbourhood on Tuesday. In light of the ongoing price action, further
Lire la suite »
Consumer inflation in Japan's capital exceeds BOJ target for 7th monthCore consumer prices in Japan's capital, a leading indicator of nationwide trends, rose a faster-than-expected 4.0% in December from a year earlier, exceeding the central bank's 2% target for a seventh straight month in a sign of broadening inflationary pressure.
Lire la suite »
GBP/USD extends gains above 1.2100 as US recession fears soarThe GBP/USD pair has surpassed the round-level resistance of 1.2100 in the Tokyo session. The Cable is expected to shift its auction profile above 1.2
Lire la suite »
Gold Price Forecast: XAU/USD struggles to extend rally above $1,870, upside seems favoredGold price (XAU/USD) is hovering in a narrow range around the immediate hurdle of $1,870 in the Asian session. The precious metal is looking to extend
Lire la suite »