What To Expect From The ECB Meeting! EURUSD, EURCAD and DXY Analysis
The market today can predict a possible rate cut at the June meeting. The Eurozone CPI data shows that inflation is moving in a narrow range between 2.4% and 2.9% since October 2023, thus indicating more stability...
How's your opinion about EURJPY? Will it create the same movement?
KlejdiCuni
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@bintan605, EURJPY is related to the BOJ intervention...all the focus is only on BOJ for the moment related all the JPY pairs. It can move down but it can have a limited move that can delete all easily
bintan605
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Yeah. Thanks for answering. I'm actually just want to ask about BOJ or MOF intervention. But even after USDJPY break trough 152 even moving to 153, they don't seems to urged to do intervention.
bintan605
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They probably waiting for it to reach 155.
KlejdiCuni
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@bintan605 they are acting in a strange way. It is not like before and is not making Sense. all JPY pairs are literally killing their individuals saving and also exports.
Despite the fact that they increased the Interest rates nothing changed. Also IMF suggested them to change the Yield Curve. but it seems that BOJ doesn't care at all about others. it is not clear at all what they really want. they only threaten about intervention but nothing.
bintan605
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Yeah, I agree. I think they've been very inconsistent and unreliable eapecially couple past months.