Yen Jumps Amid BOJ Optimism and Wage Negotiation Talks - ECB Meeting Eyed
Thursday, 7 March 2024, 12:12
Headlines:
- The BOJ has set the stage for yen movements
- Japan's Rengō reports wage demands above 5%
- BOJ's Ueda aims for 2% price target
- BOJ's Nakagawa sees prospects of sustainable price growth
- All eyes on Lagarde's press conference at ECB today
- Germany industrial orders decline, UK housing prices rise
- UK businesses anticipate output inflation decrease
The FX market comes alive as the yen dominates due to positive influences and anticipation, impacting various currency pairs. Amidst yield changes, USD struggles while GBP/USD gains and Euro awaits ECB meeting outcomes.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.