|

BoJ to continue with easing policy - BoJ's Kuroda

The Bank of Japan's (BoJ) Haruhiko Kuroda is delivering a speech at a business leaders' meeting in Nagoya, tugging the same old lines that have become the hallmark of the Japanese central bank's public appearances.

Key highlights

Japanese market functions have improved somewhat following the BoJ's July policy-tweaking.

The BoJ is aware that continued easing policies affect financial system stability.

If financial institutions take on more risk it could risk destabilizing the financial system.

BoJ to continue monitoring risks of financial destabilization.

BoJ to carefully watch "demerits" of easy policy, balance of effects and costs of its current policy.

Uncertainty from overseas and impact on Japan's economy continue to rise.

Author

Joshua Gibson

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

More from Joshua Gibson
Share:

Editor's Picks

GBP/USD revisits 1.3530; Dollar pushes harder

GBP/USD adds to the weekly correction and recedes toward the 1.3530 zone on Friday. Indeed, Cable faces increasing selling pressure on the back of extra gains in the Greenback, particularly fuelled by Chair Warsh’s speech at the Jackson Hole Symposium and the US NFP Annual Revision (-79K).

EUR/USD breaches below 1.1600, multi-day lows

EUR/USD now accelerates its decline and retreats to seven-day troughs in the sub-1.1600 region at the end of the week. The pair’s pullback comes on the back of the strong rebound in the US Dollar after Chair Warsh delivered a hawkish message in Jackson Hole, while the US NFP Annual Revision came in at -79K.

Gold battles key support amid renewed Iran and Fed hike risks

Gold is resuming Friday’s steep downside early Monday as the NFP week kicks in. US Dollar sees a profit-taking pullback, despite hawkish Fed’s Warsh and fresh Iran risks. Gold attacks 21-day SMA near $4,400 after Friday’s close below 200-day SMA; RSI is still bullish.

Week ahead: RBNZ and BoC decide on rates ahead of all-important US NFP
The US dollar staged a modest recovery this week, perhaps as traders decided to cover some of their short positions amid slightly stickier or in-line US PCE inflation numbers for July, confounding expectations of softer prints amid the softness revealed in the CPI data for the month.
Bitcoin slips below $78,000 – DEX tokens rally

Bitcoin price is trading above $77,000 on Monday, sustaining monthly gains of over 20% so far. The technical outlook for Bitcoin is bullish as the price holds above a crucial retracement support level at $76,706 amid broader market risk-on sentiment. Decentralized Exchange tokens, Uniswap and PancakeSwap, emerge as top performers over the last 24 hours, eyeing further gains.

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.