The USD strengthened against the CAD on Tuesday as crude oil prices stabilised following the uncertainty around the Israel-Gaza conflict.
Tag: monetary policy
The Japanese yen recovered on Monday, but the prospect of the Bank of Japan keeping its ultra-loose monetary policy in January could limit any further gains.
The Bank of Japan (BoJ) kept its dovish stance and left monetary policy unchanged. As a result, the USD/JPY pushed higher.
The Bank of Japan has released its April meeting minutes, with many officials reiterating the central bank’s intentions to continue with its ultra-loose monetary policy. Central bank Governor Kazuo Ueda said on Wednesday that “The Bank of Japan (BoJ) will patiently maintain an easy monetary policy to stably and sustainably achieve the 2% price target…
On Tuesday, the Japanese yen weakened against the US dollar after the new Governor of the Bank of Japan (BoJ) indicated a cautious stance