BOJ’s Kuroda: Discussed financial market moves with PM Abe

Dhwani Mehta FXStreet

Following the conclusion of his meeting with the Japanese PM Abe, the Bank of Japan (BOJ) Governor Kuroda told Reuters that he discussed financial market moves with the PM.

Further comments

BOJ responding to coronavirus impact by providing ample liquidity to market and purchasing assets as appropriate.

Global financial markets fluctuating wildly due to coronavirus outbreak.

Will closely watch developments and respond as appropriate.

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.

EUR/USD regains 1.1800 and beyond on USD U-turn

The sudden bout of selling pressure on the US Dollar allows EUR/USD to leave behind the initial weakness and advance to two-day highs just above 1.1800 the figure on Friday. The pair’s jump comes as investors continue to assess the US Supreme Court ruling on Trump’s global tariffs.

GBP/USD pops above 1.3500 on weaker Dollar

GBP/USD picks up extra upside traction and reclaims the area above the 1.3500 hurdle at the end of the week. That said, Cable sets aside four daily pullbacks in a row, regaining some composure in response to the sudden bout of downside pressure hurting the Greenback.

Gold stays bid, still below $5,100/oz

Gold is extending its run higher for a third straight session on Friday, navigating the area just past the key $5,000 mark per troy ounce. The move reflects ongoing geopolitical tensions in the Middle East, renewed losses in the Greenback and rising US Treasury yields.