Japanese jen attracts some sellers after Boj's decision to preserve the status quo

- The Japanese yen attracts some of the following vendors after Boj decides the prices permanent.
- Different political expectations fed with Boj should limit the deeper losses of the lower yield JPY.
- Traders may also be able to wait for the comments of Boji Governor Ueda in the post -meeting press.
The Japanese Yen (JPY) will drift on Thursday's third consecutive day against his American colleague after the Japanese Bank (BOJ) the expected decision to leave interest rates unchanged. The remarks of US President Donald Trump today earlier today add to the recent optimism over the possible escalation of the US-China Trade War and continues to impair demand for traditional safe deteriorated assets, including JPY. In addition, the modest US dollar (USD) Uptick USD/JPY raises a couple of days of multi-day peaks, which is back in the last hour until the mid-143.00s.
However, Jpy Bears may refrain from placing aggressive stakes and deciding to expect a comment from Boji Governor Kazuo Ueda at the post -appointment press conference on tips on the likely increase in interest rate. This, in turn, plays a key role in determining the next move of JPY. Meanwhile, the US GDP surprise revives the contraction of the US recession and confirms its contributions to the Federal Reserve (Fed) to alleviate more aggressive policies. It should act as a buck stoppage and help limit the loss of lower return JPY.
Japanese yen weaken after Boj retains a short -term interest rate goal of 0.5%
- The Japanese bank announced its political decision this Thursday, and as widely expected, the interest rate of politics is deciding to keep the interest rate of 0.5% in the midst of US tariffs in the middle. In the political statement of this, Boj reiterated that he would continue to increase the political interest rate in the economy, and prices will move in accordance with his forecast.
- Meanwhile, Boj lowered his average core CPI forecast for 2026 to 1.7% to 2.0% in January. The central bank, however, said that consumer inflation is likely to be generally consistent with the 2% target period in the second half of the target period until 2027.
- The focus is now shifting to a post -meeting press conference, where the comments from Boji Governor Kazuo Ueda are closely checked with the assessment of the future tariff hike, which in turn plays a key role in influencing Japanese Yen in the near future.
- The final honor Jibun Bank's Japanese production PMI was 48.7 in April 2025, which is higher than the flash of 48.5 and the 12-month lowest lowest in March, 48.4. However, this marks the 10 -line decline in factory activity, although it does not give a significant impetus before the central bank's main risk of events.
- Automatic data processing (ADP) announced on Wednesday that private employment increased by 62,000 in April. This meant a significant decline compared to the 147,000 growths registered in March (amended from 155,000) and left the market's expectation of 108,000 readings with a wide margin.
- According to previous estimates of the Economic Analysis Bureau, the US economy signed 0.3%a year in the first quarter of 2025, after it was 2.4%in the previous quarter. Data revive of fear of the expected recession due to signs of inflationary pressure.
- The price index of the US personal consumption expenses (PCE) decreased to 2.5% to 2.5% in March to 2.5%. In addition to this, the PCE's basic index, which excludes volatile food and energy prices, rose, compared to 3% growth in February and was in line with analysts' estimates.
- This is, in addition to the concerns of US President Donald Trump, for improper trade policy and re -confirms that the Federal Reserve will continue its tariff cutting cycle in June. In fact, Trump said this Thursday that we have “potential” trade agreements with India, South Korea and Japan, and that we are in a very good chance that we would reach an agreement with China.
- At the same time, traders are pricing that the US Central Bank will reduce the loan costs by the end of the year by the end of the year. This keeps the US dollar a distance of the last week's low distance and indicates that the lowest resistance of the lower yield JPY is upside down.
USD/JPY must exceed 143.55-143.60 barrier to support prospects for further favor
From a technical point of view, the USD/JPY pair wishes to rely on their strength over 143.00 and a 4-hour 100-period of simple moving medium (SMA) chartTo. Any subsequent upward movement is likely to face a strong durability near the 143.55-1433.60 area near the 144.00 round indicator, in the middle of the day's diagram of negative oscillators. However, some follow-ups set the basis for extending recent recovery from several months of low shallow and raise the place price to the next important obstacle near the area 144.60-144.65. The growing trajectory can reach further and allow bulls to reclaim the psychological sign 145.00.
On the valve side, it seems that 142.65-142.60 now protects the immediate negative side of which below USD/JPY The couple may fall to 142.00 to the mark. Below below the latter, a convincing break is considered to be a fresh trigger for fresh traders, which makes points vulnerable to accelerate the decline in the mid-141.00s on the route 141.10-141.00. The downward trajectory may extend beyond the average support near the 140.50 area and eventually expose the low level of low-level low levels below 140.00 psychological signs touched last week.
Economic indicator
Boj interest rate decision
Its Japanese bank (BOJ) announces its interest rate on the decision of each bank after eight planned annual meetings. In general, when Boj views the prospects of economic inflation and raises interest rates, it is bullish (JPY) for Japanese yen. Also, if Boj has a dovint view of the Japanese economy and keeps interest rates unchanged or cuts, it is usually caraced for JPY.
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Last edition:
Thursday 01. May 2025 03:02
Frequency:
Irregular
Real:
0.5%
Consensus:
0.5%
Previous:
0.5%
Source:
Japanese bank