The Japanese Yen has continued its struggles this week losing ground to both the Greenback and the British Pound. This comes despite the recent policy tweak from the BoJ as the summary of opinions failed to excite Japanese Yen bulls.
#forexbuzz#latestbuzz#PheasanTechsolution
Bank of Japan (BoJ) clarified that the yield curve tweak on July 28 aimed to sustainably extend loose monetary policy. The 10-year Japanese Government Bond yield will be allowed to trade 'flexibly' above 0.5% instead of being strictly capped.
#currencynews#PheasanTechsolution
Bank of England raised rates by 25 basis points to 5.25%, hinting at future tightening, boosting the British pound. Governor Andrew Bailey warns against premature assumptions, while Deputy Governor Ben Broadbent stresses high rates to combat inflation.
#eur#usd#eur#gbp#jpy
After Fitch Ratings downgraded the US long-term foreign currency issuer default rating to AA+ from AAA, the euro seems to have some support. However, due to monetary policy and growth differences, it's unlikely to gain significant benefit from this early lift in the near term.
That said, concerns over China’s economic slowdown, deteriorating US-China ties, and geopolitical tensions might support the safe-haven Japanese Yen (JPY), which could cap the upside of the USD/JPY pair.
#usd#jpy#usdjpy#forex#news#latestnews#forexnews#PheasanTechsolution
The EUR/USD pair has turned extremely choppy above the round-level resistance of 1.1200 in the Asian session. The major currency pair has turned sideways as investors are awaiting the United States Retail Sales data for further guidance
#eur#usd#latestnews#PheasanTechsolution
Here’s why you should deploy a Chatbot for your Brokerage:
➡️A chatbot promptly responds to all customer queries and provides support
➡️Helps retain more traders on the platform
➡️Enhanced support team productivity
#chatbot#chatbotmemes#cutomerquiries#PheasanTechsolution