EUR/JPY sees a downside below 143.00 ahead of Japan’s inflation and BoJ Ueda speech – by Sagar_Dua24 EURJPY ECB BOJ Inflation YieldCurve
e cross below the immediate support of 143.00 as investors are expecting some discussions related to an exit from the decade-long ultra-loose monetary policy managed by the Bank of Japan in the speech from BoJ Governor nominee Kazuo Ueda.
Japan’s government has been reiterating that the administration will look for a transitioning process in the monetary policy with novel BoJ leadership to major the Japanese Yen more competitive against other FX currencies. Therefore, some further yield-widening discussions are expected from BoJ Ueda’s speech, scheduled for Friday. data will remain in focus. The headline CPI is seen higher at 4.5% from the former release of 4.0%. And the core CPI that strips off oil and food prices is seen at 3.
Meanwhile, the Euro is struggling to settle its feet despite hawkish commentary from European Central Bank President
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