◂ Event Timeline

Oct 31, 2018MACROJapan

Japanese Yen Falls As BOJ Leaves Rates Unchanged And Lowers Inflation Estimates

The yen fell after the BOJ left rates unchanged and lowered its 2018 core inflation forecast to 0.9 percent from 1.1 percent. The bank kept its ETF and J-REIT purchase pace unchanged.

WHY IT MATTERS

The downgraded inflation outlook signals prolonged easing and a stronger dollar, a mild headwind for dollar-priced commodity imports into Japan.

AFFECTSUS Dollar (Broad)▲

SOURCE
talkmarkets.comStaff of EasyMarketsOct 31, 2018

Price reaction & history

US Dollar (Broad)▲bullishSO FAR1d +0.3%5d -0.6%20d -0.0%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

Apr 26, 2018Japanese Yen To See Limited Downside Vs US Dollar Say ING And Citi Analysts | Exchange Rates UK+0.7%
Mar 5, 2021Exchange Rates Today 05.03.2021: Pound And Euro Fall As Dollar Soars As Powell Ignores Inflation And Rates+0.2%
Feb 1, 2021Dollar rises as investors back away from riskier currencies, Fed leaves rates unchanged+0.3%
Apr 30, 2018Euro-Dollar Exchange Rates To Face German Inflation, FED And US Jobs This Week | Exchange Rates UK+1.0%
Mar 7, 2024Markets see clearer ECB rate-cut roadmap as inflation fog lifts - The Globe and Mail-0.4%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

US Dollar (Broad) DXY · GP ▸

——— · ·

Loading…