BOJ: Expect further easing in September – JP Morgan

Dhwani Mehta FXStreet

In their latest outlook report on the Bank of Japan (BOJ) monetary policy, the analysts at JP Morgan expect the Japanese central bank to cut the benchmark interest rates this September.

Key Quotes:

“We now expect a 20bp rate cut in September.

Expect a cut in the short-term policy rate from -0.1l% to -0.3% in September against the risk of financial tightening after the expected Fed rate cut.

If the US-China trade negotiations collapse and equity prices plunge, the BOJ may increase the amount of ETF purchases in July.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

GBP/USD gathers strength to near 1.3550 as Fed hike bets fade, UK jobs data loom

The GBP/USD pair gains momentum to around 1.3550 during the early Asian trading hours. The US Dollar softens against the British Pound as cooler US inflation data have prompted traders to reduce bets on a US Federal Reserve rate hike. The UK employment report will be in the spotlight later on Tuesday.

EUR/USD flat lines below two-month high amid oil-driven inflation fears

The EUR/USD pair holds steady around the 1.1575-1.1580 region during the Asian session, and for now seems to have stalled the previous day's modest pullback from a two-month top. However, a modest US Dollar uptick warrants some caution before positioning for the resumption of the recent move higher from the 1.1350 area, or the July monthly swing low.

Gold bulls take a breather before the next push higher

Gold is retreating after hitting three-day highs just below $4,450 early Tuesday, and is flirting with $4,400 as of writing. Gold bulls take a breather following two consecutive days of gains, assessing the impact of the truce lapse between the United States (US) and Iran on Oil prices and US Treasury bond yields.

Bitcoin rebounds while Polygon, Zcash lead gains

The broader cryptocurrency market shows a mild easing in the persistent risk-off sentiment, with Bitcoin (BTC) rising above $64,000. Polygon (POL) and Zcash (ZEC) have emerged as top performers over the last 24 hours, with bulls eyeing further gains. CoinMarketCap’s Fear and Greed Index at 40 on Tuesday suggests a mild recovery from risk-averse conditions.

Silver’s new era: Supply deficits meet exploding industrial demand

Silver has experienced a wild ride in 2026, but The Silver Institute President and CEO Michael DiRienzo says investors shouldn’t let the volatility obscure a much bigger story: the underlying silver market remains remarkably strong.

Why is Crude Oil priced for a reopening the ships haven't made?

Fourteen vessels crossed the Strait of Hormuz on Tuesday. Before the war, the count ran near 120 a day. In the sessions since the waterway was publicly declared open, Brent has drifted back to $87 and West Texas Intermediate (WTI) to $81, both a little lower again on Wednesday, with daily momentum on each unwound from the top of its range in late July to the low twenties now.