Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

EUR/JPY Add to portfolio

FXP:EURJPY, Sep 22, 11:29 UTC

Latest FXP:EURJPY News

Filter your feed

Apply Filter

Today


News

BOJ Hints at Rate Cut, SNB Ready to Intervene, BOE Warns About Brexit

USDJPY GBPZAR +15 more USDJPY GBPZAR EURUSD EURGBP AUDJPY EURAUD EURJPY GBPJPY GBPTRY GBPCAD CHFJPY EURZAR EURCAD GBPCHF GBPAUD EURNZD GBPUSD

BOJ Hints at Rate Cut, SNB Ready to Intervene, BOE Warns About Brexit. The U.S. Federal Reserve (Fed) and the European Central Bank (ECB) deemed it necessary to cut rates in September, but other major central banks decided to keep policy on hold. Meanwhile, Swiss National Bank (SNB), Bank of England (BOE) and the Bank of Japan (BOJ) policymakers decided to sit on their hands and watch how their domestic economies unfold given the outside threat of a global economic slowdown. The SNB left its key policy rate and expansionary monetary policy unchanged, but said it “remains willing to intervene in the foreign exchange market as necessary.” The BOE held its policy rate unchanged at 0.75% with a unanimous vote.

Read Full Details

Topics:
  • Business
  • Financial

Friday, September 20


News

BOJ hopes new phrase will keep yen bulls at bay

USDJPY AUDJPY +3 more USDJPY AUDJPY EURJPY GBPJPY CHFJPY

BOJ hopes new phrase will keep yen bulls at bay. TOKYO (Reuters) - By adding vague new language to its latest policy statement, the Bank of Japan is hoping to keep unwanted sharp gains in the yen in check, without having to tap its depleted policy tool-kit or tying its hands on future monetary action. In particular, it said "closer attention" was needed to the possibility that the economy could lose momentum to hit its 2% inflation target. Some market watchers thought it could be a pre-commitment to ramp up stimulus at the BOJ's rate meeting on Oct. 30-31, but officials familiar with the central bank's thinking say it may be more a case of a central bank with limited options trying to buy time. The yen rallied on Thursday after the BOJ's decision to keep rates on hold but hovered around 108 to the dollar, well below the 100 level seen by markets as the bank's line-in-the-sand. But while the BOJ may have succeeded in keeping yen bulls at bay for now, it also has to prevent markets from pricing in an October easing too heavily and cornering it into action.

Read Full Details

Topics:
  • Business
  • Financial
News

JGB yields rise after BOJ says to trim govt debt purchases

USDJPY AUDJPY +3 more USDJPY AUDJPY EURJPY GBPJPY CHFJPY

Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. JGB yields rise after BOJ says to trim govt debt purchases. (Reuters) - Japanese government bond yields at the long end of the curve rose on Friday after the Bank of Japan said it will reduce slightly the amount of debt it purchases for its quantitative easing. Benchmark 10-year JGB futures fell 0.01 point to 154.76, with a trading volume of 24,590 lots.

Read Full Details

Topics:
  • Business
  • Financial
News

BOJ Makes Sweeping Cuts to Bond Buying in a Bid to Steepen Curve

USDJPY AUDJPY +3 more USDJPY AUDJPY EURJPY GBPJPY CHFJPY

(Bloomberg) -- The Bank of Japan made sweeping cuts to bond purchases a day after saying it wants a steeper curve and won’t allow a prolonged decline in yields. Having kept its policy settings unchanged on Thursday, the central bank used its regular operation on Friday to lower buying across three maturity zones. The central bank wouldn’t allow yields to fall for a prolonged period, and it was desirable for the yield curve to steepen a bit, Governor Haruhiko Kuroda said at a news conference Thursday. “Reducing purchases right after Kuroda’s comments on the 10-year and super-long yields Thursday leaves a stronger impression that the BOJ is ready to act even if markets aren’t expecting it,” said Takenobu Nakashima, a senior rates strategist at Nomura Securities Co. in Tokyo.

Read Full Details

Topics:
  • Business
  • Financial
News

Japan August consumer inflation cools to two-year low in blow to BOJ

USDJPY AUDJPY +3 more USDJPY AUDJPY EURJPY GBPJPY CHFJPY

TOKYO (Reuters) - Japan's core consumer inflation slowed to a new two-year low in August due to lower oil costs and feeble economic growth, data showed on Friday, adding to the central bank's growing challenges in achieving its elusive 2% price target. "Slowing global growth, a strong yen and falling crude oil costs are pushing down wholesale prices. There's a strong chance this will spread to consumer prices," said Takeshi Minami, chief economist at Norinchukin Research Institute. "If the yen rises and threatens to affect the price momentum, the BOJ will loosen monetary policy next month," he said. While one-off factors such as falling energy costs and cuts in cellphone charges were largely behind the slowdown, inflation was also getting little support from domestic demand. The data will be among factors the BOJ will scrutinise at its next rate-setting meeting on Oct. 30-31, when it also conducts a quarterly review of its growth and price forecasts. While keeping policy steady, the BOJ signalled on Thursday its readiness to expand stimulus as early as next month by issuing a strong warning of overseas risks that threaten the economy.

Read Full Details

Topics:
  • Business
  • Financial
News

Japan Finance Minister Aso says monetary policy up to the BOJ to decide

USDJPY AUDJPY +3 more USDJPY AUDJPY EURJPY GBPJPY CHFJPY

Japan Finance Minister Aso says monetary policy up to the BOJ to decide. Reuters20 September 2019, 02:29 UTC. TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Friday that monetary policy was up to the Bank of Japan to decide, when asked about the possibility of the central bank's deepening negative interest rates. The central bank kept monetary policy steady on Thursday but signalled the chance of expanding stimulus as early as its next policy meeting in October by issuing a stronger warning against overseas risks threatening the export-reliant economy. What to read next.

Read Full Details

Topics:
  • Business
  • Financial
  • Politics
  • World
News

Japan Inflation Hits 2-Year Low as BOJ Calls for Price Review

USDJPY AUDJPY +3 more USDJPY AUDJPY EURJPY GBPJPY CHFJPY

(Bloomberg) -- Japan’s key gauge of inflation dropped to the lowest level since 2017, the latest indication of the difficulty faced by the Bank of Japan in generating price growth as speculation grows that it may add to its stimulus as early as next month. Japan’s key inflation gauge hasn’t risen above 1% in years and is expected to remain subdued in the coming months as education costs weigh on prices.Governor Haruhiko Kuroda Thursday ordered a review to see if developments overseas have the potential to kill off momentum in Japanese prices toward the BOJ’s 2% target. Compared with a month ago, Kuroda said he’s now “more inclined” to go ahead with easing.Energy prices, which have been contributing less to price gains since October last year, fell overall for the first time since January 2017.Stripping out the effects of a drop in energy costs, August’s inflation data may leave room for the BOJ to argue that prices are actually moving in the right direction. Consumer prices excluding both fresh food and energy rose 0.6% pace in August, exceeding economists’ forecasts for a 0.5% gain and above last year’s average pace of 0.4%.“The BOJ will probably want to say price momentum is still upward,” said Hiroshi Miyazaki, a senior economist at Mitsubishi UFJ Morgan Stanley in Tokyo.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, September 19


News

Japan August consumer inflation cools to two-year low in blow to BOJ

USDJPY AUDJPY +3 more USDJPY AUDJPY EURJPY GBPJPY CHFJPY

TOKYO (Reuters) - Japan's core consumer inflation slowed to a new two-year low in August due to lower oil costs and feeble economic growth, data showed on Friday, adding to the central bank's growing challenges in achieving its elusive 2% price target. "Slowing global growth, a strong yen and falling crude oil costs are pushing down wholesale prices. There's a strong chance this will spread to consumer prices," said Takeshi Minami, chief economist at Norinchukin Research Institute. "If the yen rises and threatens to affect the price momentum, the BOJ will loosen monetary policy next month," he said. While one-off factors such as falling energy costs and cuts in cellphone charges were largely behind the slowdown, inflation was also getting little support from domestic demand. The data will be among factors the BOJ will scrutinise at its next rate-setting meeting on Oct. 30-31, when it also conducts a quarterly review of its growth and price forecasts. While keeping policy steady, the BOJ signalled on Thursday its readiness to expand stimulus as early as next month by issuing a strong warning of overseas risks that threaten the economy.

Read Full Details

Topics:
  • Business
  • Financial
News

Banks don’t want Draghi free money as ECB loans fall flat

EURUSD EURGBP +5 more EURUSD EURGBP EURAUD EURJPY EURZAR EURCAD EURNZD

An ECB offer for three-year loans – at a rate that starts at zero and could fall as low as the deposit rate, currently minus 0.5% – was taken up by 28 banks for a total of just €3.4bn ($3.8bn), well below predictions of €20bn-€100bn. The European Central Bank’s latest offer of free cash to lenders attracted little interest yesterday, in a sign of just how much liquidity is already sloshing around the financial system. The loans are part of a stimulus package by the ECB president to boost economic growth and inflation. But European lenders have little trouble accessing funds following years of loose monetary policy and some are even keen to turn away deposits to avoid charges from the ECB’s negative interest rates, which Draghi pushed even further below zero this month. Banks may have refrained because of changes the ECB made to the terms of the loans last week, according to Piet Christiansen, a senior analyst at Danske Bank, who expects a larger take-up in later operations.

Read Full Details

Topics:
  • Business
  • Financial
News

Bank rally leads European stocks higher

EURUSD EURGBP +5 more EURUSD EURGBP EURAUD EURJPY EURZAR EURCAD EURNZD

European stocks rallied on Thursday as investors snapped up battered shares of eurozone banks after the U.S. Federal Reserve toned down expectations of further interest rate cuts. Shares of Italian and Spanish banks including Bankia SA , UBI Banca and Banco Sabadell were among the top gainers on the STOXX 600 after the Fed cut rates as expected on Wednesday, but signaled there would be a higher bar to further cut in borrowing costs. Mevissen also said the European Central Bank’s unveiling last week of a tiered rate system to mitigate the negative impact of sub-zero interest rates on banks was relief. Shares in major lenders Credit Suisse and UBS rose more than 1% as the central bank increased the threshold above which commercial banks who park their money with the central bank have to pay negative interest.

Read Full Details

Topics:
  • Business
  • Financial