BoJ is said to still be mulling the rate decision for January – Bloomberg
Source Fxstreet
Citing people familiar with the Bank of Japan’s (BoJ) thinking, Bloomberg reported on Friday that the Japanese central bank is still considering the interest rate decision for its January monetary policy review.
Additional takeaways
Officials still carefully assessing data ahead of the January meeting.
BoJ to mull upgrading core-core inflation views for FY 2024 and FY 2025.
BoJ is said to weigh raising the inflation forecast on depreciating Yen.
Market reaction
The Japanese Yen picked up bids on the above headlines, driving USD/JPY 0.15% lower on the day at 157.85 at press time.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Despite recent declines and volatility, a crypto analyst has declared that the XRP price is on the cusp of breaking out of a bullish flag pattern. According to the analyst, a successful breakout of
The Japanese Yen (JPY) ticks higher against its American counterpart after government data showed this Thursday that base pay in Japan grew at the fastest pace in more than three decades.
Ripple's XRP declined 4% on Friday following a decline in its funding rates.
The highly anticipated United States (US) Nonfarm Payrolls (NFP) data for December will be published by the Bureau of Labor Statistics (BLS) on Friday at 13:30 GMT.
Bitcoin (BTC) retests its key support level of $92,493; a firm close below it could continue its ongoing correction.
Related Instrument
