BoJ’s Suzuki: Need to assess the impact monetary policy on bond, other financial markets

Dhwani Mehta FXStreet

Bank of Japan's (BoJ) monetary policy board member Hitoshi Suzuki is on the wires now, via Reuters, commenting on the impact of the central bank’s monetary policy on the country’s debt market.

Key Headlines:

Need to pay more attention to impact monetary policy has on bond and other financial markets.

Need to frankly assess impact of monetary policy.

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.

AUD/USD consolidates above 0.7200 as bulls await US CPI for Fed rate cues

AUD/USD is seen extending its consolidative price action above 0.7200 during the Asian session on Wednesday as traders await the release of US inflation figures later in the week. Meanwhile, rising RBA rate-hike bets act as a tailwind for the Aussie amid Yen-inspired US Dollar weakness. However, escalating US-Iran tensions and hawkish Fed expectations limit USD losses, capping the currency pair.

USD/JPY hangs near multi-month low, above 153.00 amid BoJ hike bets

USD/JPY attracts fresh sellers during the Asian session on Wednesday as the strong Reuters Tankan business survey adds to the case for continued BoJ policy normalisation and boosts the Japanese Yen. This, along with a broadly weaker US Dollar, keeps spot prices close to a nearly seven-month low set on Tuesday. However, geopolitical risks and Fed rate hike bets could support the USD and the currency pair ahead of the release of US inflation figures later this week.

Gold weakens below $4,350, hitting a one-week low on hawkish Fed bets

Gold trades with a negative bias for the fourth straight day and drops to a one-week low, below $4,350 during the Asian session on Wednesday. Expectations of a Fed rate hike this month weigh on the non-yielding bullion. The US Dollar, however, struggles to lure buyers amid a rallying Yen and could support the commodity as traders await the key US inflation data for a fresh impetus.

Bitcoin remains highly sensitive to macro signals amid changing derivatives narrative

Bitcoin’s (BTC) sensitivity to US economic data has become increasingly evident this year. As the market approaches several important data dumps this week, BTC traders are keenly aware of the significance just like their counterparts in TradFi. And just like the stock market, crypto traders are focused squarely on the US central bank's interest rate policy.

Gold and stocks: What eight midterm elections did

I went back through every midterm election since 1994 and asked one question of each: when did the stock market make its low for the year, before the vote or after it? In seven of the eight cycles, the low came before the election. In six of the eight, it came between mid-June and mid-October, which is to say in the exact window that the "they won't let it fall" argument says is protected.

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.