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JPY/CAD News
Ueda Appears More Confident About Prices, Ex-BOJ Director Says
Bank of Japan Governor Kazuo Ueda is apparently becoming more confident on the outlook for inflation based on his recent comments, according to a former BOJ executive director who finished her term last month.
Japan's FinMin Urges Government to Issue Shorter Term Debt to Reduct Interest-rate Risk
Having reviewed a draft proposal, Reuters reported that the Japanese Finance Ministry panel is likely to urge the government to issue shorter-duration debt to reduce interest-rate risk.
Minutes of the Bank of Japan's April meeting: Discussing the acceleration of policy normalization and implying a possible rate hike in July.
Minutes of the meeting show that the board of directors of the Bank of Japan discussed the possibility of accelerating the pace of policy normalization, as the impact of the weak yen on inflation may require a response from the central bank.
Japan's Trade Deficit Widens in April as Imports Offset Export Growth
Japan's trade deficit narrowed to 1.221 trillion yen in May from 1.382 trillion yen a year earlier after a double-digit year-over-year export growth was offset by the increased value of imports amid a
BOJ's Minutes Show Debate on Rate Hikes With Close Eyes on Yen
Bank of Japan board members discussed the possibility of pursuing a faster pace of policy normalization amid ongoing risks that the weak yen’s effect on inflation might force a response by the bank, according to minutes from the April policy meeting.
Canadian Dollar Gets Pulled in Both Directions on Data-light Tuesday
The Canadian Dollar (CAD) is broadly mixed on Tuesday as CAD traders find their focus pulled elsewhere. A data-light week has sent the Canadian Dollar adrift, giving a mixed performance against the major currencies board.
Canadian Dollar Holding up Better Than Expected – Scotiabank
The Canadian Dollar (CAD) is a little softer on the day but continues to range trade between the recent US Dollar (USD) peak and trough, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Bank of Japan Likely to Continue Raising Rates, Fitch Says -- Market Talk
The Bank of Japan may raise the policy rate two more times this year to lift the bottom of its target range to 0.2%, and another two times in 2025 to 0.4%, Fitch Ratings says in its latest global economic outlook.
BOJ's Ueda Reiterates July Hike Possible Even With JGB Buy Cuts
Bank of Japan Governor Kazuo Ueda reiterated that an interest rate hike at next month’s policy board meeting is possible even as the central bank plans to announce details of its plan to cut bond buying at the same time
Japan's Suzuki: Interest Rates Are Set by Markets
Japanese Finance Minister Shunichi Suzuki said on Tuesday that interest rates are set by markets, reflecting JGB demand and various aspects. However, Suzuki declined to comment on the Bank of Japan's (BoJ) decision last week on the planned reduction of JGB purchases.
BoJ's Ueda: Possible Rate Increase in July Depending on Data
The Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday that there is a chance that the Japanese central bank could raise interest rates at the July meeting, depending on economic, price and financial data and information available at the time.
Canadian Dollar in a Holding Pattern as Markets Await Meaningful Data
The Canadian Dollar (CAD) is trading tightly on Monday, with gains and losses mixed across the board and within a quarter of a percent against most of its major currency peers.
BMO Sees Case For Another Canada Rates Cut Bolstered; Meantime, Awaits Housing Data
BMO Economics in its morning note said last week's rally, fuelled by "encouraging" CPI progress in the U.S., boosted rate cut expectations in Canada as well.
Canadian Dollar Brushes off Low-tier Data Misses to Find Mild Recovery on Friday
The Canadian Dollar (CAD) found a thin recovery on Friday, gaining ground against most of its major currency peers and clawing back a scant tenth of a percent against the US Dollar (USD).
Statistics Canada Reports Manufacturing Sales up 1.1% at $70.8B in April
The increase followed a decline of 1.8 per cent in March.
Forex Today: Japanese Yen Slides as BoJ Maintains Policy Settings
The Japanese Yen (JPY)stays under selling pressure on Friday as markets assess the Bank of Japan's (BoJ) monetary policy announcements.
Core inflation may accelerate, and the Bank of Japan is expected to raise interest rates further.
Economists expect that Japan's core CPI year-on-year growth rate in May may accelerate from 2.2% last month to 2.6%, which will lead to the Bank of Japan continuing to raise interest rates in the coming months.
The Bank of Japan kept interest rates unchanged and announced that it will not decide on reducing its bond-buying program until next month. The yen fell close to the "intervention range".
The Bank of Japan kept interest rates unchanged on Friday, but stated that the reduction in bond purchases will be announced at the July meeting, which in fact is delaying the process of normalizing monetary policy. On June 14, the Bank of Japan announced its latest interest rate decision, maintaining the benchmark interest rate at 0-0.1%, and the committee unanimously agreed on the interest rate resolution by 0-9, which was in line with market expectations. In terms of bond purchases, the Bank of Japan was "ambiguous," announcing a reduction in the amount of government bond purchases, but continuing to purchase bonds based on the March decision, and will announce a reduction in the bond purchase plan at the next July meeting, deciding on the purchase of government bonds for the next 1-2 years. The Bank of Japan stated that it will hold a "bond market"
Japanese Yen Remains Subdued Ahead of BoJ Policy Decision
The Japanese Yen edges lower as the BoJ is widely expected to leave interest rates unchanged on Friday
Canada's central bank cuts interest rates against the trend, experts call for continued adjustment of interest rate policies and vigilance against the weakness of the Canadian dollar.
The Bank of Canada stated, "Overall, recent data suggests that the economy is still running in an over-supplied situation." Only two interest rate cuts by the Bank of Canada have been priced in by the market from now until the end of this year. However, the major risk in the future is the weakness of the Canadian dollar.