USD/JPY: BoJ Governor Ueda comments boost BoJ tightening bets – Scotiabank
Source Fxstreet
The Japanese Yen (JPY) is leading gains amongst the majors, Scotiabank's Chief FX Strategist Shaun Osborne notes.
JPY outperforms following BoJ Governor Ueda comments
"The JPY is leading gains amongst the majors following comments from BoJ Governor Ueda who remarked that he had heard encouraging reports on wages at events over the new year period."
"Swaps reflect strengthening expectations that the BoJ will lift its policy rate at next week’s decision, with 18bps of tightening risk priced in, up from 10bps last week."
"Firm risk appetite is lifting EM/high beta FX, with the core majors outside the JPY lagging and posting only moderate gains on the session."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Gold price (XAU/USD) is turning positive, recovering above the $$3,300 level at the time of writing on Thursday after two days of firm selling pressure since it topped at $3,500 on Tuesday.
Gold price snapped two days of losses on Thursday and rose $50, or more than 1.50%, amid renewed concerns about the US-China trade war.
Gold price (XAU/USD) struggles to capitalize on the previous day's move higher and oscillates in a narrow trading band during the Asian session on Friday amid mixed fundamental cues.
Gold price is on the back foot on Friday, almost erasing all of Thursday’s gains, and looks set to close off this week in the red.
Related Instrument
