सीपीआई रिपोर्ट के आगे जापानी येन स्थिर

Thursday is a bank holiday in Japan and not surprisingly, the yen is almost unchanged as it trades close to the 135 line.

जापान की सीपीआई बढ़ने की उम्मीद

Japan’s inflation levels are much lower than in the US, but the Bank of Japan is concerned as inflation continues to rise. We’ll get a look at National Core CPI, a key inflation indicator on Friday. National Core CPI has accelerated for seven straight months and hit 4.0% in December. The upswing is expected to continue in January, with an estimate of 4.3%. The Bank of Japan has insisted that inflation is transitory, but the trend upward in the National Core CPI and other indicators does not seem to support that stance.

It’s a sensitive time for the BoJ, with Kazuo Ueda set to replace Haruhiko Kuroda as the next Governor of the BoJ in early April. Kuroda’s decade at the helm was marked by an ultra-loose monetary policy that has finally ended decades of deflation. However, as inflation is rising, the BoJ’s yield curve control (YCC) policy has damaged the bond market and is becoming unsustainable.

The question remains, however, whether the new Governor will have the support to make changes to the YCC. Ueda has kept a low profile and said that the current loose policy is necessary, but saying all the right things while he waits in the wings is to be expected. There is always the possibility that Kuroda will make a last-minute policy move before his term ends in order to lower the pressure on Ueda. The next few months should be interesting at the BoJ.

The FOMC minutes repeated the Fed’s hawkish message, one that we’ve been hearing for months. FOMC members said there were signs that inflation was heading lower but more rate hikes were necessary to bring inflation back to the 2% target. It should be noted that the minutes are somewhat stale, given the sizzling employment report and the jump in retail sales which were released after the February meeting. These releases point to a surprisingly resilient US economy and that will provide support for the Fed to remain hawkish. The markets have currently priced in a 73% chance of a 0.25% hike and a 27% of a 0.50% increase, according to CME’s FedWatch.

.

यूएसडी/जेपीवाई तकनीकी

• 135.75 और 137.35 . पर प्रतिरोध है
• 1.3418 और 1.3350 सहायता प्रदान कर रहे हैं

यह लेख केवल सामान्य जानकारी प्रयोजनों के लिए है। यह निवेश सलाह या प्रतिभूतियों को खरीदने या बेचने का समाधान नहीं है। राय लेखक हैं; जरूरी नहीं कि OANDA Corporation या उसके किसी सहयोगी, सहायक, अधिकारी या निदेशक हों। लीवरेज्ड ट्रेडिंग उच्च जोखिम वाला है और सभी के लिए उपयुक्त नहीं है। आप अपने सभी जमा किए गए धन को खो सकते हैं।

मौलिक विश्लेषण पर ध्यान देने के साथ एक अत्यधिक अनुभवी वित्तीय बाजार विश्लेषक, केनेथ फिशर की दैनिक टिप्पणी में विदेशी मुद्रा, इक्विटी और वस्तुओं सहित बाजारों की एक विस्तृत श्रृंखला शामिल है। उनका काम Investing.com, Seeking Alpha और FXStreet सहित कई प्रमुख ऑनलाइन वित्तीय प्रकाशनों में प्रकाशित हुआ है। इज़राइल में स्थित, केनी 2012 से मार्केटपल्स योगदानकर्ता रहा है।

केनी फिशर द्वारा नवीनतम पोस्ट (सभी देखें)

• एसईओ संचालित सामग्री और पीआर वितरण। आज ही प्रवर्धित हो जाओ।
• प्लेटोब्लॉकचैन। Web3 मेटावर्स इंटेलिजेंस। ज्ञान प्रवर्धित। यहां पहुंचें।
• स्रोत: https://www.marketpulse.com/20230223/japanese-yen-steady-ahead-of-cpi-report/