How Low Can USDJPY Go?

Summary The Bank of England (BoE) held its policy rate at 5.25% at today’s monetary policy announcement, but offered a dovish outlook that suggests rate cuts are now approaching. The BoE said restrictive monetary policy is weighing on activity in the real economy, is leading to a looser labor market and is bearing down on […]

EURUSD gets rejected a tad below its recent 4-month peak A failure to claim that level could validate a double top structure Momentum indicators lose steam but remain positive EURUSD experienced a solid correction from its recent four-month high of 1.1016, but the pair managed to erase most of it, following a decisive break above the 200-day simple moving average […]

In focus today In the US, January Personal Consumption Expenditures (PCE) data is due for release this afternoon. Consensus foresees Core PCE, which is the Fed’s preferred measure for underlying inflation, at 0.4% m/m SA, in line with a similar increase in the CPI released earlier. We will also keep an eye out for real […]