The Bank of Japan on Thursday kept its rates steady at 0.75%, as expected, but noted that inflation risks are now tilted to the upside due to the Iran war. The decision was split, with eight of the nine members voting in favour of a hold and only Hajime Takata proposing a rate hike to […]
EURJPY Gradually Drifts Lower
If we combine the relative strength of the euro with the structural weakness of the Japanese yen, we identify the FX cross in which the currency of the Land of the Rising Sun has depreciated the most against one of the three major global currencies. The primary driver, among the various macroeconomic factors influencing a […]
EUR/JPY Softens Slightly Ahead of ECB, BoJ Later This Week
The Euro Area exports goods to Japan worth approximately EUR 70 billion per year, primarily pharmaceuticals and medical equipment (around EUR 18 billion), as well as machinery and vehicles. At the same time, it imports goods from Japan with a total value of roughly EUR 100 billion, resulting in a trade deficit of about EUR […]
