Investing in Currencies

Investing.com-- The Bank of Japan left interest rates in negative territory as widely expected on Tuesday, and said it will continue with its yield curve control measures to support Japanese economic growth.  The BOJ left at negative 0.1%, and said it will continue with its asset purchases and monetary stimulus measures.  The bank said it will continue to allow to move in a range of negative 1% to 1% under its YCC policy. It had softened its language towards the range in its October meeting, stating that it will allow...

Investing.com-- The Bank of Japan is widely expected to maintain interest rates at negative levels later on Tuesday, amid continued signals from central bank officials that they are in no hurry to tighten policy. But any signals from the central bank on when it plans to begin pivoting away from its ultra-dovish policy will be in close focus, especially amid growing expectation that 2024 will be the year that the BOJ ends its yield curve control (YCC) regime.  are expected to be held around negative 0.1%, while the target for...

Investing.com - The U.S. dollar edged lower in early European trade Monday, while the Japanese yen gave back some of last week’s gains ahead of the conclusion of a key policy meeting by the Bank of Japan. At 05:35 ET (09:35 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 102.052, after dropping roughly 1.3% last week. Fed’s dovish pivot hits the dollar The dollar retreated sharply last week after the U.S. Federal Reserve pivoted towards rate cuts at its latest...