BoJ Chief Says Future Rate Decisions Will Be Data Dependentfxcue.com

(fxcue news) - Bank of Japan Governor Kazuo Ueda said the future interest rate decisions will be data-dependent and avoided giving clear idea about the timing of the next rate hike. At each monetary policy meeting, the BoJ will make policy decisions based on its assessment of economic activity and prices with the data and information available at the time of each meeting, Ueda told business leaders in Nagoya. "The actual timing of the adjustments will continue to depend on developments in economic activity and prices as well as financial conditions going forward," he said. Ueda said the bank will pay due attention to various risk factors, such as the course of overseas economies, especially the US economy and developments in financial and capital markets. He avoided giving clear idea about the timing of the next interest rate hike. Markets expect a quarter-point increase at the next meeting in December. At the October meeting, the board had maintained the key rate at around 0.25 percent, which was the highest since late 2008. The BoJ had ended its negative interest rate policy in March and last lifted the benchmark rate in July to the current level. Core inflation is forecast to be around 2 percent for the fiscal 2025 and 2026. The governor today said he expects inflationary pressures stemming from wage increases to strengthen as an improvement in economic activity and solid wage growth continue.

BoJ Chief Says Future Rate Decisions Will Be Data Dependent

Dollar Turns In Mixed Performance Against Major Counterparts

FTSE 100 Little Changed After GDP Data; Volex Shares Slump 13%

European Stocks Close Lower On Rate Cut Uncertainty

Asian Markets Trade Mostly Higher

European Economic News Preview: Eurozone Foreign Trade Data Due

U.S. Business Inventories Inch Up Slightly Less Than Expected In September

BoJ Chief Says Future Rate Decisions Will Be Data Dependent

Canadian Shares Notably Lower

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Trader

Gold operation strategy: sell under pressure 2600, stop loss 2597, target 2580;

Buy directly near gold 2590, target 2618-2627-2643; If you place a sell order near the three o'clock mark of 2618, 2627, and 2643 for the first time; If given around 2586 and 2578, you can buy in batches;

Sell 2/10 of the positions in batches near 2595-2598 in the morning session of the gold market, with a stop loss of 6 points. Target around 2580-2570, break below the 2560 line;

Gold operation strategy: Sell gold at 2600-2606, stop loss at 2612, target at the 2560-2563 line, break through at 2548-53;

Gold trading strategy: Buy at 2580 in the Asian and European markets, stop loss at 2573, target at 2590-2593; Under pressure in the European and American markets, sell at 2600 with a stop loss of 2597 and a target of 2580;

Crude oil finally fell sharply last Friday, falling below the key support level of 67.6. Today, it rebounded and sold at this level. In terms of operations, crude oil rebounded and sold around 67.6.

Spot gold trading strategy today: sell 2597-2600, stop loss 2609, target at 2585-2577.

EURUSD, XAUUSD profit close trading

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BoJ Chief Says Future Rate Decisions Will Be Data Dependent

Dollar Turns In Mixed Performance Against Major Counterparts

FTSE 100 Little Changed After GDP Data; Volex Shares Slump 13%

European Stocks Close Lower On Rate Cut Uncertainty

Asian Markets Trade Mostly Higher

European Economic News Preview: Eurozone Foreign Trade Data Due

U.S. Business Inventories Inch Up Slightly Less Than Expected In September

BoJ Chief Says Future Rate Decisions Will Be Data Dependent

Canadian Shares Notably Lower

Please sign in

Trader

Gold operation strategy: sell under pressure 2600, stop loss 2597, target 2580;

Buy directly near gold 2590, target 2618-2627-2643; If you place a sell order near the three o'clock mark of 2618, 2627, and 2643 for the first time; If given around 2586 and 2578, you can buy in batches;

Sell 2/10 of the positions in batches near 2595-2598 in the morning session of the gold market, with a stop loss of 6 points. Target around 2580-2570, break below the 2560 line;

Gold operation strategy: Sell gold at 2600-2606, stop loss at 2612, target at the 2560-2563 line, break through at 2548-53;

Gold trading strategy: Buy at 2580 in the Asian and European markets, stop loss at 2573, target at 2590-2593; Under pressure in the European and American markets, sell at 2600 with a stop loss of 2597 and a target of 2580;

Crude oil finally fell sharply last Friday, falling below the key support level of 67.6. Today, it rebounded and sold at this level. In terms of operations, crude oil rebounded and sold around 67.6.

Spot gold trading strategy today: sell 2597-2600, stop loss 2609, target at 2585-2577.

EURUSD, XAUUSD profit close trading

Tags

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