Yen Mixed After BoJ Decision
27 Avril 2021 - 4:33AM
RTTF2
The Japanese yen showed mixed trading against its major
counterparts in the Asian session on Tuesday, after the Bank of
Japan maintained its monetary stimulus unchanged following its
policy framework tweaks last month.
The board, governed by Haruhiko Kuroda, voted 8-1 to hold the
interest rate at -0.1 percent on current accounts that financial
institutions maintain at the central bank.
The bank will continue to purchase a necessary amount of
Japanese government bonds without setting an upper limit so that
10-year JGB yields will remain at around zero percent.
The bank downgraded its near-term inflation forecast and raised
its growth projections despite the restrictions related to COVID-19
pandemic.
The bank said it will not hesitate to take additional easing
measures if necessary, and also it expects short- and long-term
policy interest rates to remain at their present or lower
levels.
Asian stock markets are trading mixed following the mixed cues
overnight from Wall Street as traders await the Federal Reserve's
monetary policy announcement and Chairman Jerome Powell's comments
on the economy.
The yen held steady against the pound, after falling to a 5-day
low of 150.48 at 10:15 pm ET. At yesterday's close, the pair was
valued at 150.18.
Following a decline to a 1-week low of 118.37 at 10:15 pm ET,
the yen held steady and was trading at 118.19. The pair had closed
Monday's deals at 118.11.
The yen recovered to 108.17 against the greenback, from a 1-week
low of 108.39 seen at 10:45 pm ET. The yen is likely to find
resistance around the 104.00 level.
The yen bounced off from its early 1-week low of 130.84 against
the franc, with the pair trading at 130.65. The yen may challenge
resistance around the 128.00 region. Looking ahead, Federal Housing
finance agency's U.S. house price index and S&P/Case-Shiller
home price index for February and consumer confidence index for
April will be featured in the New York session.
Euro vs Yen (FX:EURJPY)
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Euro vs Yen (FX:EURJPY)
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De Avr 2023 à Avr 2024