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EUR/JPY Gains Momentum Above 162.70 As BoJ Ends Negative Interest Rate Era
Article By:
Lallalit Srijandorn
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Tuesday, March 19, 2024 12:40 AM EDT
The EUR/JPY cross gains traction above the mid-162.00s during the Asian trading hours on Tuesday. The cross drifts higher after the Bank of Japan decided to end a negative interest rate era that began in 2016, in line with market expectations.
Bank Of Japan (Finally) Kills The World's Last Negative Interest Rate, Yen Weakens
Article By:
Tyler Durden
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Tuesday, March 19, 2024 12:20 AM EDT
As has been thoroughly warned, straw-manned, leaked, and hinted at over the past few weeks, The Bank of Japan hiked interest rates tonight for the first time since 2007. This move ends the world's last negative interest rate policy.
In this article: FXY
Rates Spark: The BoJ Effect Can Be Very Impactful Ahead
Article By:
ING Economics
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Monday, March 18, 2024 8:00 PM EDT
We'll be watching not just the near-term verbals out of the Bank of Japan, but also the medium-term implications. We think the market is primed to have an outsized reaction. It may not be today or even this week, but we do feel it's coming.
Ranked: The 20 Top Chinese Stocks By Market Cap, And Performance YTD
Article By:
Jeff Desjardins
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Monday, March 18, 2024 3:00 PM EDT
Despite this broader trend, some Chinese companies have appreciated significantly in price over the past year.
International Growth: The New Asian Dragons
Article By:
GoldBroker
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Monday, March 18, 2024 2:24 PM EDT
Today, Asia's GDP accounts for almost 30% of the world's, and this figure is rising all the time.
This Week: NVDA CEO Huang Keynote AI Speech, BOJ And Fed Decisions
Article By:
Greg Feirman
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Monday, March 18, 2024 2:00 PM EDT
Overnight the Bank of Japan (BOJ) will be making an interest rate decision and there is a lot of speculation that they may raise rates for the first time since 2007.
Australian Mid Caps: A Sweet Spot For Diversification And Historical Outperformance
Article By:
S&P Dow Jones Indices
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Monday, March 18, 2024 1:15 PM EDT
The S&P/ASX MidCap 50 was up 5.35% in February, outperforming the S&P/ASX 50—which posted 0.25%—by more than 5%.
In this article: EWA
Speculation Of A BOJ Move Tomorrow Did Not Stop The Nikkei From Rallying Or Yen From Slipping
Article By:
Marc Chandler
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Monday, March 18, 2024 8:27 AM EDT
The US dollar is trading with a mostly softer bias against the G10 currencies. The notable exceptions are the Japanese yen and Swiss franc.
US Dollar Yen Commentary - Monday, March 18
Article By:
James Harte
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Monday, March 18, 2024 6:59 AM EDT
USDJPY is starting a week of key central bank meetings with a mildly bid tone as traders brace for both the BOJ and the Fed to rule on rates this week.
AUD/USD Maintains Position Near 0.6570, Focus On The RBA Decision
Article By:
Akhtar Faruqui
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Monday, March 18, 2024 5:34 AM EDT
AUD/USD holds ground ahead of RBA’s policy decision on Monday. Chinese Retail Sales (YoY) rose by 5.5% in February, compared to the expected 5.2% and 7.4% prior. The correction in US Treasury yields contributes to downward pressure on the US Dollar.