Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo  >  BANK OF JAPAN    8301   JP3699200006

BANK OF JAPAN (8301)
My previous session
Most popular
SummaryChartsNewsCompany 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations
The feature you requested does not exist. However, we suggest the following feature:

BANK OF JAPAN : Dollar near three-week high as central banks eyed

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/23/2019 | 10:36am EST

Banks London, Jan. 23, 2019 (Reuters/NAN) The dollar held near a three-week high on Wednesday after the Bank of Japan left monetary policy unchanged, boosting risk appetite and sending the yen lower.

With Tokyo sounding a cautious note on the outlook for global growth, attention shifted to the European Central Bank which meets on Thursday. Markets expect it to acknowledge growing threats to the euro zone economy.

The caution from senior policymakers comes as economic data from China to Europe shown signs of a slowdown. Traders reacted by unwinding some of their bearish dollar bets, especially against the euro.

“The ECB will likely join its global peers in striking a cautious view on growth and that should keep the dollar supported, especially with bearish expectations on the greenback such a consensus trade,” said Lee Hardman, a currency analyst at MUFG in London.

Against a basket of other currencies, the dollar was trading at 96.32, near the 96.484 hit in the previous session.

As expected, the Bank of Japan kept monetary policy unchanged. But it lowered its inflation forecast as a larger-than-expected drop in December exports underlined the need for support for the trade-reliant economy.

On Monday, the International Monetary Fund cut its 2019 and 2020 global growth forecasts, citing a bigger-than-expected slowdown in China and the euro zone. Failure to resolve trade tensions could further destabilise the global economy, the IMF said.

The euro was steady at $1.1367. Sterling edged up to $1.2961 after gaining 0.5 per cent in the previous session.

British Prime Minister Theresa May’s proposed agreement on terms for leaving the European Union was rejected by parliament last week in the biggest defeat in modern British history.

Since then, lawmakers have been trying to resolve the crisis. No option has the majority support of parliament.

“The market is now completely discounting the prospect of a hard Brexit, though the political risk still remains in play and volatility is sure to ratchet higher if no clear path is visible to the market,” said Kathy Lien, managing director of currency strategy at BK Asset Management. (Reuters/NAN)

AOM/TA

Edited by Abdullahi Mohammed/Tajudeen Atitebi

(c) 2019 News Agency of Nigeria Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANK OF JAPAN
10:36aBANK OF JAPAN : Dollar near three-week high as central banks eyed
AQ
05:04aUPDATE3 : Bank of Japan cuts inflation forecasts, maintains stimulus
AQ
03:23aUPDATE2 : Bank of Japan cuts inflation forecasts, maintains stimulus
AQ
03:03aBANK OF JAPAN : Japan's key bond yield ends higher
AQ
01:33aBANK OF JAPAN : Tokyo stocks end lower on lingering U.S.-China trade concerns
AQ
01/22UPDATE1 : Bank of Japan cuts inflation forecasts, maintains stimulus
AQ
01/22BANK OF JAPAN : begins monetary policy meeting
AQ
01/21BANK OF JAPAN : Interest rates could stay lower for longer in Europe
AQ
01/20BANK OF JAPAN : Main events scheduled for Tuesday, Jan. 22
AQ
01/20BANK OF JAPAN : Weekly Economic and Political Timeline - 20 January 2019
AQ
More news
Chart BANK OF JAPAN
Duration : Period :
BANK OF JAPAN Technical Analysis Chart | MarketScreener
Full-screen chart
Managers
NameTitle
Haruhiko Kuroda Governor
Hiroshi Nakaso Deputy Governor, Head-Personnel & Operations
Koichiro Kamata Head-Finance & Information Technology Development
Tomohisa Takeda Executive Director & Head-Personnel
Masayoshi Amamiya Executive Director & Head-Planning
Sector and Competitors
1st jan.Capitalization (M$)
BANK OF JAPAN0.00%0
JP MORGAN CHASE & COMPANY5.45%342 318
BANK OF AMERICA18.06%281 280
INDUSTRIAL AND COMMERCIAL BANK OF CHINA1.89%278 366
WELLS FARGO8.20%234 703
CHINA CONSTRUCTION BANK CORPORATION3.61%228 309