{"id":12277,"date":"2024-06-14T08:29:04","date_gmt":"2024-06-14T07:29:04","guid":{"rendered":"https:\/\/cambridgecurrencies.com\/?p=12277"},"modified":"2024-06-23T17:14:57","modified_gmt":"2024-06-23T16:14:57","slug":"boj-rate-decision-yen-drops-ecb-lagarde-speech","status":"publish","type":"post","link":"https:\/\/cambridgecurrencies.com\/boj-rate-decision-yen-drops-ecb-lagarde-speech\/","title":{"rendered":"BoJ rate decision, yen drops, ECB Lagarde speech"},"content":{"rendered":"\n
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\"market<\/figure>\n<\/div>\n\n\n\n
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Fed Holds Rates at 5.5%<\/h6>\n\n\n\n
BoJ rate decision<\/h6>\n\n\n\n

BoJ rate decision, yen drops, ECB Lagarde speech<\/h1>\n\n\n\n

The Bank of Japan, or BoJ<\/strong>, earlier this morning choose to keep rates constant at 0%<\/strong>. This decision, coupled with the announcement of future bond-buying cuts, led to the yen falling to a one-month low. The BoJ indicated it would continue its current bond purchases and plans to reveal its tapering strategy in July, contrary to market expectations that had anticipated immediate reductions.<\/p>\n\n\n\n

Later in the afternoon, 17:30<\/strong>, a speech<\/strong> is expected by the European Central Bank President, Christine Lagarde<\/strong> at the 30th Dubrovnik Economic Conference. Markets will be eager to search for clues as to future Monetary Policy direction for the ECB.<\/strong><\/p>\n\n\n\n

The GBP\/USD<\/strong> remains above 1.2700<\/strong> with gains emerging since last week, amid the U.S. Federal Reserve’s seventh round of interest rate maintenance and lower-than-anticipated readings of inflation prints earlier in the week.<\/p>\n\n\n\n

It is the same case with the pair of GBP\/EUR<\/strong>, which continues to trade above 1.1873,<\/strong> so maintaining the gains for the week. Later today, the direction may be shifted by the speech of President Lagarde.<\/strong><\/p>\n\n\n\n

BoJ rate decision<\/p>\n\n\n\n

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Speak with a Trader<\/a><\/div>\n<\/div>\n\n\n\n

BoJ rate decision<\/p>\n\n\n\n

Fed Holds Rates at 5.5%<\/h6>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Fed Holds Rates at 5.5% BoJ rate decision BoJ rate decision, yen drops, ECB Lagarde speech The Bank of Japan, or BoJ, earlier this morning choose to keep rates constant at 0%. This decision, coupled with the announcement of future bond-buying cuts, led to the yen falling to a one-month low. The BoJ indicated it […]<\/p>\n","protected":false},"author":244711593,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[97],"tags":[50518705,50518707,50518613,50518605,50518704,50518625,50518700,50518664,50518597,50518708,50518709,50518635,50518693,50518626,50518702,50518701,50518634,50518620,50518610,50518699,50518698,50518703,50518685,50518686,50518706],"class_list":["post-12277","post","type-post","status-publish","format-standard","hentry","category-market-insight","tag-boj","tag-christiinelagarde","tag-ecb","tag-economicdata","tag-economicoutlook","tag-federalreserve","tag-fedspeach","tag-financialnews","tag-forex","tag-gbp-usd","tag-gbpeur","tag-globaleconomy","tag-inflationtrends","tag-interestrates","tag-janetyellen","tag-johnwilliams","tag-markettrends","tag-marketupdate","tag-monetarypolicy","tag-ppi","tag-producerpriceindex","tag-tiffmacklem","tag-ukgdp","tag-usinflation","tag-yen"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pfpkhv-3c1","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts\/12277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/users\/244711593"}],"replies":[{"embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/comments?post=12277"}],"version-history":[{"count":4,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts\/12277\/revisions"}],"predecessor-version":[{"id":13364,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts\/12277\/revisions\/13364"}],"wp:attachment":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/media?parent=12277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/categories?post=12277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/tags?post=12277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}