The BoJ raised its key interest rate, but the JPY seems to have taken little notice. At the time of writing, USD/JPY is little changed, which is not what you would expect in response to a rate hike, especially one that was larger than expected. But let's take things one step at a time, Commerzbank’s FX analyst Volkmar Baur notes
“The BoJ raised its key interest rate to 0.25% from 0-0.1%. In addition, it was announced that the volume of bond purchases, which was recently JPY 5.7 trillion per month, will be reduced by JPY 0.4 trillion per quarter until it reaches JPY 3 trillion per month at the beginning of 2026. As a reminder, these are gross purchases.”
“Since a larger volume of bonds is currently maturing each month, this reduces the amount on the BoJ's books. This brings us back to the assessment of a reactive central bank.”
“Even though the economy and inflation have recently come in below expectations, and even though the BoJ has lowered its own forecasts for growth and inflation, the move was justified by the fact that the economy and prices are evolving more or less as expected. In particular, the reference to the alleged virtuous cycle between prices and wages raises more questions than answers for many analysts.”
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.