GBP/JPY rebounds from 161.00 BoJ postpones plans of exit from ultra-loose policy – by Sagar_Dua24 GBPJPY BOE BOJ Inflation InterestRate
s further above 161.70 as the expectations of an exit from the ultra-loose monetary policy by the Bank of Japan have faded dramatically.
The release of the BoJ Summary of Opinions associated with March’s monetary policy meeting on Monday indicated that board members advocated the need to maintain an ultra-loose monetary policy for now, even as some warned of the need to scrutinize its side effects such as deteriorating market functions, as reported by Reuters.
Going forward, Friday’s Japan inflation data will be keenly watched. As per the estimates, the annual headline Consumer will decline to 4.1% from the former release of 4.3%. And, the core CPI that excludes oil and food prices is expected to jump to 3.4% vs. the prior release of 3.2%. Scrutiny of inflation estimates indicate that the impact of higher energy and food prices is declining, however, the impact of higher import prices is still persistent.
On the United Kingdom front, investors are awaiting the release of the UK’s inflation, which is scheduled for Wednesday. Higher food prices and a shortage of labor have been major drivers for the extremely sticky UK inflation. No doubt, the UK administration has proposed some measures to push individuals to delay their retirement plans. However, sufficient time will be required for efficient execution.
This week, the major trigger will be the interest rate decision by the Bank of England , which would unleash sheer
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
GBP/JPY advances near 161.50 mark, as the risk-on rocks the boatGBP/JPY marched higher in early Asian hours on Monday as the Japanese Yen demand faded on the back of growing optimism on the liquidity front. The ris
Weiterlesen »
BOJ board sees the need to maintain easy policyThe Bank of Japan´s Summary of Opinions has been published. Reuters reports that the board members saw the need to maintain ultra-loose monetary polic
Weiterlesen »
GBP/JPY bulls eye a break to test the 162s with BoE and UK CPI in focusThe Great British Pound is on the form to start the week ahead of key events in the Bank of England (BoE) rate decision and inflation data, Consumer P
Weiterlesen »
USD/JPY traces firmer yields around 132.50 as BoJ defends easy policy, central banks eye liquidity infusionUSD/JPY firmer yields around 132.50 as BoJ defends easy policy, central banks eye liquidity infusion – by anilpanchal7 USDJPY YieldCurve BOJ Fed RiskAversion
Weiterlesen »
USD/JPY to plummet toward the 125 level – Danske BankEconomists at Danske Bank expect the USD/JPY pair to plunge toward the 125 mark in the next three months. BoJ tightening and valuation to send USD/JPY
Weiterlesen »
I work in an ultra-clean room on ultra-small chipsLuis Fonseca works on microchips in the largest ‘clean room’ in southern Europe, where the air is changed once a minute and is 10,000 times cleaner than ‘normal’ air
Weiterlesen »