Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
WCTC S8
Rewards

Bank of Japan Signals Crucial for Yen; USD/JPY Could Rise Above 160 Without Clear Rate Hike Guidance

GateNews
Forex

Gate News message, April 27 — Volkmar Baur, an analyst at Commerzbank, warned that if the Bank of Japan holds interest rates steady on Tuesday (April 29) and maintains a cautious stance on future rate hikes, the yen could weaken significantly. The market is anticipating clear signals from the Bank of Japan indicating a possible rate hike in June, contingent on some easing of tensions in the Iran conflict. Without such signals, Japan’s Ministry of Finance warnings about intervening to support the yen “will have little impact,” Baur said.

Should the central bank fail to provide the expected guidance, USD/JPY could rise above the 160 level, according to the analyst’s assessment.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related News

04-27 06:34
Five Central Banks to Hold Policy Meetings This Week; Monetary Decisions Expected to Drive Markets
04-27 05:23
U.S. Economic Data This Week May Drive Crypto Market Volatility; Fed Decision and Jobs Report Key
04-26 19:24
Fed Holds Rates Steady in April With 100% Probability; June Rate Cut Odds at Just 4.7%
04-26 12:49
Major Central Bank Decisions and Tech Earnings Set to Drive Markets Next Week
04-26 03:06
Super Central Bank Week: Fed Rate Decision and Key Economic Data Releases Amid Geopolitical Tensions
In-Depth Analysis

Bank of Japan holds steady, Japanese yen hits resistance at 159.5: A possible rate hike in June is the next thing to watch

ChainNewsAbmedia04-27 09:54

U.S.-Iran talks collapse triggers a sharp drop in gold prices, while Bitcoin quickly surges past $79k

Market Whisper04-27 01:08

Powell’s final dance? Middle East conflict pushes inflation higher; the Fed is expected to hold steady this week

ChainNewsAbmedia04-26 23:54
Comment
0/400
No comments