Needs breakout above 160.70 for fresh leg of rally

Needs breakout above 160.70 for fresh leg of rally

The USD/JPY pair ticks down to near 160.25 during the European trading session on Tuesday. The pair trades marginally lower as the Japanese Yen (JPY) outperforms its peers, following the Bank of Japan’s (BoJ) monetary policy announcement. In the policy meeting, the BoJ raised interest rates by 25 basis points (bps) to 1%, as expected, […]

RBA Governor Bullock to hold a press conference after pausing interest rate hikes

RBA Governor Bullock to hold a press conference after pausing interest rate hikes

Reserve Bank of Australia (RBA) Governor Michele Bullock is due to hold a press conference at 5.30 GMT, following the central bank’s decision to hold the benchmark interest rate at 4.35% on Tuesday. Bullock will take questions from the media as part of a new reporting format for the central bank that started last year. […]

Will the BoJ’s expected rate hike strengthen the Yen?

Will the BoJ’s expected rate hike strengthen the Yen?

The Bank of Japan (BoJ) will announce its monetary policy decision on Tuesday, at around 3:00 GMT. The BoJ is widely expected to deliver a hawkish move by hiking the benchmark interest rate by 25 basis points (bps) to 1%, its highest level since 1995. The hike is meant not only to address mounting inflationary […]