Central banks in coordinated actions VS Coronavirus. How the Wall Street and the FX market reacts so far!?

The previous weeks were really something in the market, right. Coronavirus disrupt evertyhing and the market volatility went crazy. Intraday moves reached 800 or even a 1000 pips in one direction, mostly back as well in a same day. But, there is more to come for sure, so stay alert on all actions from theContinue reading “Central banks in coordinated actions VS Coronavirus. How the Wall Street and the FX market reacts so far!?”

BOJ leaves monetary policy unchanged

Early today, the Bank of Japan anounce no changes to the current monetary policy as expected. Latter on press conference, governor Kuroda says: still quite a distance to achieve 2% target inflation will rise but still only halfway now BOJ not ready to start discussing exit strategy with low inflation still in theory ETF purchasesContinue reading “BOJ leaves monetary policy unchanged”

BOJ leaves rates unchanged

Bank of Japan maintains short-term interest rate target at -0.1% and 10-year JGB yield target around 0.0%. Leaves unchanged pledge to buy JGBs more or less at current pace so its holdings increase at annual pace of around 80 Trl ¥. Current economic outlook Japan real GDP expected +1.6% in fiscal year 2017/18 vs +1.5% projectedContinue reading “BOJ leaves rates unchanged”