Jump to content

Bank of Japan (BoJ)


Recommended Posts

image.png

SUMMARY
In Japan, interest rates are set by the Bank of Japan's Policy Board in its Monetary Policy Meetings. The BoJ's official interest rate is the discount rate. Monetary Policy Meetings produce a guideline for money market operations in inter-meeting periods and this guideline is written in terms of a target for the uncollateralized overnight call rate.
 

JPY news event: 

Bank of Japan (BoJ) Interest Rate Decision at 03:00 (UK Time) 17th December 2021.

 

Let us know if you’ll be trading and what results you’re hoping for. Who will be trading?

Due to expected volatility guaranteed stop distances may be widened.

Bank of Japan on The Fast Track to Launch Digital Currency - Crypto Economy

 

All the best - MongiIG

Link to comment

image.png

image.png

Summary

  • BOJ keeps unchanged ultra-low interest rate targets
  • BOJ tapers buying of corporate bonds, commercial paper
  • Extends funding support for small firms with condition tweaks
  • BOJ says financial conditions have improved on a whole

TOKYO, Dec 17 (Reuters) - The Bank of Japan on Friday dialed back emergency pandemic-funding but maintained ultra-loose policy and extended financial relief for small firms, cementing expectations it will remain among the most dovish central banks for the foreseeable future.

Link to comment
Just now, MongiIG said:

image.png

image.png

Summary

  • BOJ keeps unchanged ultra-low interest rate targets
  • BOJ tapers buying of corporate bonds, commercial paper
  • Extends funding support for small firms with condition tweaks
  • BOJ says financial conditions have improved on a whole

TOKYO, Dec 17 (Reuters) - The Bank of Japan on Friday dialed back emergency pandemic-funding but maintained ultra-loose policy and extended financial relief for small firms, cementing expectations it will remain among the most dovish central banks for the foreseeable future.

The Bank of Japan dialed back emergency pandemic-funding on Friday, but it maintained its ultra-loose monetary policy and extended financial relief for small businesses, Reuters reported.

The BOJ maintained its short-term rate target at negative 0.1% and for the 10-year bond yields, the rate remained around 0%, in line with expectations, the news agency said.

image.png

By Saheli Roy Choudhury, 17th December 2021. CNBC

Link to comment

USD/JPY holds near 113.60 on steady hand at BoJ.

NEWS |  | By Ross J Burland, FXStreet

USD/JPY: Technical signals offer a downside USD/JPY outlook | IG EN

 

  • USD/JPY holds steady around the BoJ that left policy on hold.
  • Omicron variant has been sighted as a risk to upside inflation pressures. 

USD/JPY is a touch softer on the Bank of Japan announcements, although sticking to near flat for the day around 113.60. The BoJ has kept the policy balance rate unchanged at -0.1%, as expected and left the 10-year yield target unchanged at 0.0%, as expected as well. Covid loans will be extended to September. 

The uncertainty is high on the impact of Covid-19, the central bank says, and there is a need to watch risks around bottlenecks. The BoJ says also that inflation expectations have picked up. meanwhile, these comments were expected in the markets and there is little price action occurring around them, in what is a relatively subdued Asian session, so far.

The US dollar is stuck in a range of between 95.997 and 96.051 as measured against a basket of currencies, including the yen, by the DXY index. The greenback was sold-off the prior day on what has been put down to as a sell the fact state of play in what might be regarded as irregular markets conditions considering the end o of year squaring of positions.

However, the echoes of Federal Reserve chairman, Jerome Powell, continue to support the greenback in familiar territory with markets expecting a faster pace to lift-off. As such, the yield spread between the JGB's and US T-bill yields is keeping the prospects of a firm USD/JPY rate alive. 

USD/JPY technical analysis

However, from a daily perspective, the price could be in the process of forming a bearish head and shoulders:

USD_JPY%20-%202021-12-16T180920.572-6377

In order to mitigate such an outcome, the bulls will need to get back above 114.50 and hold the 113.30s.

 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Bitcoin's rally is fueling gains across the market. Here are 3 altcoins with breakout potential:   Fetch.ai (FET): Bullish triangle pattern hints at a surge to $3.48 or even $5 by month's end. Floki (FLOKI): Recent breakout suggests a climb to $0.00045, capitalizing on meme coin momentum. **** (****): Inverted head & shoulders pattern forming, potentially driving price to $0.000071.   Could these be the next big crypto moonshots, or are they headed for a fall? Read the full article here for a more detailed analysis of each altcoin, including charts and technical indicators: https://coinpedia.org/price-analysis/memecoins-for-3x-profits-by-the-end-of-may/
    • Bitcoin (BTC) is breaking out, surging nearly 10% in a week and reclaiming the $67,000 level. This bullish trend has ignited questions about whether a new all-time high, or even the psychological barrier of $100,000, is within reach. Key Points:   Post-Halving Rally Echo: The current surge resembles past post-halving rallies, where Bitcoin's price historically jumps after its block reward gets reduced. This scarcity could be driving the current upswing.   Technical Indicators Support Bullish Outlook: Daily charts hint at a potential breakout from a resistance trendline, signifying the end of a corrective phase. Additionally, bullish signals emerge from technical indicators like VI lines and ADX. Fibonacci Levels Suggest Six-Figure Target: Based on Fibonacci levels, a significant price increase is on the table. If the momentum holds, a moonshot to $100,000 this year seems achievable. However, some analysts predict a more conservative target of $77,842 by Q2 2024.   AI Predicts Bullish Q2, But How Bullish?:  The analysis incorporates predictions from ChatGPT. While many expected a bullish forecast, ChatGPT surprised with a potential rally to a staggering $87,613 by the end of June! Is Bitcoin on the cusp of a historic bull run, or is this just a temporary spike?   Read the full article here for a deeper dive into the technical analysis, expert opinions, and a closer look at the AI's prediction:  https://coinpedia.org/price-analysis/chatgpt-predicts-how-high-can-bitcoin-price-rally-in-q2-2024/    
    • Pepe, the meme coin, has dropped 12% after reaching record highs earlier this week. This has investors wondering if it's a good time to buy. Why Did Pepe Surge? The Pepe price jump was linked to the return of an online personality known as "Roaring Kitty," who was a key figure in the meme stock craze of 2021. This triggered excitement around Pepe, similar to what happened with meme stocks back then. Is Now the Time to Buy Pepe? Experts say it might be a bit early. While the price has dropped, it's still significantly higher than usual. Instead of buying now, investors might want to wait for a retest of a specific price point (around $0.00000920) which could offer better buying opportunities. Why Are Some Investors Still Bullish on Pepe? Despite the recent drop, many believe Pepe has room to grow. Here's why: Popularity: Pepe is gaining popularity, which could drive the price up. Market Cap: Compared to other meme coins like Dogecoin and Shiba Inu, Pepe's market cap is still relatively low. This means there's potential for significant growth.  
×
×
  • Create New...
us