Here is what you need to know on Friday, April 26: The Japanese Yen (JPY) stays under bearish pressure and trades at its weakest level in over three decades against the US Dollar following the Bank of Japan's (BoJ) decision to leave the monetary policy settings unchanged.
Here is what you need to know on Friday, April 26: The Japanese Yen stays under bearish pressure and trades at its weakest level in over three decades against the US Dollar following the Bank of Japan's decision to leave the monetary policy settings unchanged. Later in the day, the US Bureau of Economic Analysis will release the Personal Consumption Expenditures Price Index data, the Federal Reserve's preferred gauge of inflation, for March.
policymakers use the annual Core PCE Price Index, which excludes volatile food and energy prices, as their primary gauge of inflation. A stronger-than-expected reading could help the USD outperform its rivals as it would hint at a possible hawkish shift in the Fed’s forward guidance and vice versa.
Currencies Macroeconomics Economicindicator Commodities
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.
Japanese Yen hangs near multi-decade low against USD ahead of BoJ policy decisionThe Japanese Yen (JPY) languishes near a multi-decade low against its American counterpart during the Asian session on Friday as traders keenly await the outcome of the highly-anticipated Bank of Japan (BoJ) policy meeting.
Lire la suite »
BoJ’s Ueda: Chance weak Yen might affect trend inflation and could lead to policy shiftBank of Japan (BoJ) Governor Kazuo Ueda spoke in a press conference after attending the Group of 20 (G20) finance leaders' meeting in Washington on Thursday.
Lire la suite »
Japan's yen falls to lowest since 1990, dollar/yen up 0.6%Japan's yen falls to lowest since 1990, dollar/yen up 0.6%
Lire la suite »
BOJ's Ueda signals chance of rate hike if yen moves affect prices, Asahi reportsBOJ's Ueda signals chance of rate hike if yen moves affect prices, Asahi reports
Lire la suite »
Fragile yen could make BOJ's Ueda tilt more towards hawkish stanceFragile yen could make BOJ's Ueda tilt more towards hawkish stance
Lire la suite »
Asia FX flat amid rate jitters; yen passes intervention line ahead of BOJAsia FX flat amid rate jitters; yen passes intervention line ahead of BOJ
Lire la suite »