Day: December 20, 2023

The Japanese yen is compelled to decline against the US dollar on Tuesday. The current USDJPY exchange rate stands at 143.50. The Japanese yen is falling because the Bank of Japan is doing none of what the market expects from it. The December meeting was utterly formal. The CB maintained its ultra-soft credit and monetary […]

JPY Under Pressure The Japanese Yen has weakened sharply across early European trading on Tuesday following the Bank of Japan’s December monetary policy meeting overnight. Despite the usual speculation that the BOJ is headed towards policy normalisation and expectations of a potential ‘signal’, the BOJ once again held policy unchanged and reaffirmed its commitment to […]

Daily Market Outlook, December 19, 2023 Munnelly’s Market Minute…  Asian stocks traded mixed after a slow start, with limited news and no significant impact from the BoJ’s actions. The JPY was affected as the BoJ kept its rate and YCC unchanged, and acknowledged the recent cooling in inflation.BoJ Governor Ueda says that any policy change […]