BoJ's Amamiya: Need to examine overseas risks in relation to the Japanese economy

Haresh Menghani FXStreet

The Bank of Japan (BoJ) deputy governor, Masayoshi Amamiya was out with some comments in the last hour and said that the Japanese economy is expanding moderately but downside risks from global slowdown are rising.

Additional Quotes:

Need to examine overseas risks in relation to the Japanese economy.

BoJ will appropriately guide policy while monitoring various risks.

Closer attention needs to be paid on risks to price momentum.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

EUR/USD: Gains remain capped by 1.1650

EUR/USD remains in recovery-mode following the closing bell in Euroland on Wednesday, hovering around the 1.1650 zone amid renewed downside pressure on the US Dollar and a marginal improvement in the global sentiment.

GBP/USD appears bid around 1.3370

GBP/USD reverses part of its recent multi-day decline, gathering some balance and managing to reach the 1.3400 region, where some initial resistance seems to have turned up. Cable’s uptick comes in response to some loss of momentum in the Greenback despite the geopolitical scenario remaining fragile.

Gold recovers modestly despite intensifying Middle East crisis

Gold keeps its daily gains well in place, although a break above the $5,200 mark per troy ounce still remains elusive on Wednesday. The yellow metal’s rebound comes in response to the persistent flight-to-safety amid intense geopolitical tensions in the Middle East and the bearish performance of the US Dollar.