BOJ’s Kuroda makes no comments on monetary policy

Dhwani Mehta FXStreet

The Bank of Japan (BOJ) Governor Kuroda is on the wires now, via Reuters, making some comments on the financial stability but refrain from touching upon the monetary policy outlook.

Key Quotes:

Unintended forms of market fragmentation may arise as details of financial regulations and timing of their implementation differ across countries.

Unintended market fragmentation should be avoided as it can have negative effect on stability, efficiency of financial system.

Climate-related risk is an example of new issue for financial stability.

Impact of natural disasters may decrease asset value, associated risk may come to be significant challenge for financial institutions.

It is necessary to thoroughly investigate, analyse impact of climate-related risk.

Cyber-risk, anti-money laundering, countering financial terrorism, issue of crypto assets among challenges needed to be addressed on financial stability.

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 gives away some gains, back to 1.1680

EUR/USD remains well supported at the start of the week, now slipping back to the 1.1680 zone following earlier tops near 1.1700. Broad US Dollar weakness continues to do the heavy lifting, as fresh doubts about the Federal Reserve’s independence dent market confidence. With US CPI due on Tuesday, traders are likely to rein in risk and proceed with a bit more caution.

GBP/USD advances markedly, retargets 1.3500

GBP/USD opens the week with a stronger tone, leaving behind part of the recent retracement and refocusing on the key 1.3500 yardstick. Indeed, Cable is being buoyed by fresh downside pressure on the Greenback, after renewed criticism from the US administration aimed at Fed Chair Powell rekindled concerns over the Fed’s independence.

Gold hits an all-time high near $4,620

Gold stays on a strong footing on Monday, chalking up a third consecutive day of gains and notching fresh record highs near the $4,620 mark per troy ounce. The rally is being fuelled by renewed, heavy selling in the Greenback, alongside a fresh flare-up of geopolitical tensions in the Middle East.