EUR/JPY juggles below 150.00 as focus shifts to ECB/BoJ’s interest rate policy – by Sagar_Dua24 EURJPY ECB BOJ Recession Inflation
by the European Central Bank and the Bank of Japan , which will be announced this week.
An interest rate hike of 25 basis points by the ECB to 4% is widely anticipated by the market participants despite deepening signs of recession in the. The final reading of Q1 Gross Domestic Product contracted by 0.1%. Investors should note that factory activities in the shared continent are constantly declining, which bolsters the odds of further contraction in GDP figures.
Investors should note that the German economy has already registered a recession after reporting two consecutive quarters of contraction.has no other option than to raise interest rates further despite fears of recession. The inflation rate in Eurozone is at 6.1%, which is three times more than the desired rate.
Investors should be aware that the majority of inflation in Japan is being contributed by higher import prices, which is ineffective to keep inflation comfortable above 2%. Meanwhile, BoJ policymaker Masazumi Wakatabe said in a Bloomberg TV interview early Monday, “The communication would be very interesting” at the upcoming policy meeting this Friday. He further added, “It’s still too early to call that this inflation has been sustainable and stable.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trading Support and Resistance \u2013 USD/CAD, EUR/JPYThis week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Read more »
In ‘Across the Spider-Verse,’ 150 Spider-Man VariantsThe makers of “Spider-Man: Across the Spider-Verse” went exponential, loading the animated sequel with 150 different variations of the web-slinging superhero with several nods to memes and running jokes
Read more »
Join Binance Feed’s Latest Giveaways to Share 7 BNB & 150 Exclusive Binance Merchandise in Rewards | Binance SupportFellow Binancians, Binance Feed is excited to launch two new activities to reward the community! All Binance users are eligible to participate in these activities to share a daily prize pool of 1 B...
Read more »
Ford F-150 Lightning EV’s Range Drops By Nearly 25% When Loaded-Up, Study Finds | CarscoopsTest showed Lightning’s range fell from 278 to 210 miles when carrying close to its payload maximum car auto cars
Read more »
NBA Finals roundtable: Did Michael Jordan ever have better playoff run than what Nikola Jokic’s doing in 2023?Nuggets center Nikola Jokic is the first player in NBA history to produce 500 points, 250 rebounds and 150 assists in a single postseason. Did MJ ever match that?
Read more »