Impacts of JPY and EUR Performance on Global Economy
Friday, 8 March 2024, 13:01
JPY Leads, EUR Lags: What It Means for Global Economy
As the NA session begins, the JPY holds strong while the EUR weakens.
Japan's Economic Confidence
- BOJ's Move: Speculation on exiting negative rates earlier surfaces, citing positive wage negotiation expectations.
- Policy Decision: The BOJ may act before April based on upcoming wage talks results.
ECB and US Federal Reserve
- ECB’s Hints: Officials suggest potential rate cuts in the spring.
- US Fed's View: Comments on inflation, bond purchases, and economic performance raise concerns.
Market Snapshot: Oil down, gold at new highs, Bitcoin remains volatile.
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.