The post GBP/JPY Price Forecast: Pound retreats below 214.00 as Japanese data supports Yen appeared on BitcoinEthereumNews.com.
The British Pound (GBP) is practically flat against the Japanese Yen (JPY) on Friday, trading a few pips below 214.00 at the time of writing, after bouncing from weekly lows near 213.35 on Thursday. The pair remains on track for its second consecutive weekly gain, although a string of positive Japanese data has provided some respite to a weak Japanese Yen. Tokyo Consumer Prices Index (CPI) data released earlier on Friday has shown easing inflationary pressures in May. Nevertheless, stronger-than-expected Industrial Production data, an unexpected decline in unemployment, and upbeat Retail Trade figures have revealed that the economy remains resilient, despite the energy shock, and feed hopes that the Bank of Japan (BoJ) will hike rates in June. Later on the day, Bank of England (BoE) Governor Andrew Bailey is expected to speak at the Reykjavik Economic Confere
The post Pound Sterling Price News and Forecast: GBP edges lower towards 1.3400 as BoE Bailey buys time appeared on BitcoinEthereumNews.com.
British Pound edges lower towards 1.3400 as BoE Bailey buys time The British Pound (GBP) drifts lower against the US Dollar (USD) on Friday, reaching session lows at 1.3408 so far, on track for a moderate weekly decline. Bank of England Governor Andrew Bailey has practically discarded any interest rate hike in the near future, while US data adds pressure on the Federal Reserve (Fed) to tighten its monetary policy. Bailey affirmed at an economic meeting in Reykjavik that ”there is a case for tolerating temporarily above target inflation,” and added that economic activity and the labour market are weighing on second-round effects. The BoE chied also stated that, having taken expected cuts off the table, the bank has already tightened policy considerably in response to the shock relative to what had been expected by markets. Read more… GBP/USD Price
The post Euro hesitates above 0.8650 against the British Pound as Middle East tensions rise appeared on BitcoinEthereumNews.com.
The Euro (EUR) is trading flat against the British Pound (GBP) on Thursday. EUR/GBP bulls are struggling to find acceptance above 0.8660 following a 0.4% rally over the previous two days, although downside attempts remain contained above 0.8655 so far. Speculative demand for the common currency is faltering on Thursday as market sentiment sours and Oil prices jump with tensions between the US and Iran escalating again. The US military launched fresh strikes on Iranian military sites in the province of Bandar Abbas that, according to the US Central Command (Centcom), “posed a threat around the Strait of Hormuz.” Iran’s Islamic Revolutionary Guard Corps (IRGC) affirmed that they targeted US bases in the Gulf region, and Kuwait authorities reported interceptions of hostile drone and missile attacks. ECB-BoE monetary policy divergence The Euro, however, remains f
The post Yen’s Rescue Rally Fades As Carry Trade Math Reasserts Dominance appeared on BitcoinEthereumNews.com.
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Home Forex News Yen’s Rescue Rally Fades as Carry Trade Math Reasserts Dominance
Source: https://bitcoinworld.co.in/yen-carry-trade-rescue-fades/
Tokyo-listed Bitcoin Japan Corporation has invested in SpaceX through a U.S.-based private secondary market transaction tied to digital infrastructure and AI expansion. According to a press release shared with crypto.news, Bitcoin Japan made the investment through BTCJPN US LLC, its…
A bold BOJ rate hike could strengthen the yen, impact global bond markets, and shift Japanese investment strategies, affecting global capital flows.
The post Mizuho CEO advocates for bold Bank of Japan rate hike to boost bond market appeared first on Crypto Briefing.
The BOJ's inflation gauge divergence complicates policy, potentially impacting global markets and carry trades with a stronger yen.
The post Bank of Japan’s new gauge shows inflation at 2.8% in April appeared first on Crypto Briefing.
