The Bank of Japan (BoJ) board members decided to leave the short-term interest rate unadjusted at 0.75%, following the conclusion of its two-day monetary policy review meeting on Tuesday.The decision aligned with the market expectations.Summary of … [Continue reading]
Bank of Japan expected to hold rates amid Iran war-driven inflation fears
The Bank of Japan (BoJ) will announce its monetary policy decision on Tuesday, at around 3:00 GMT. The BoJ is widely expected to deliver a hawkish hold, keeping the benchmark interest rate unchanged at 0.75% while also hinting at a willingness to … [Continue reading]
Fed: Policy on hold as Iran shock lingers – TD Securities
TD Securities strategists Oscar Munoz and Eli Nir expect the Federal Reserve (Fed) to keep the Fed funds rate at 3.50–3.75% at the April Federal Open Market Committee (FOMC), with Chair Powell maintaining a neutral stance on future policy. They see … [Continue reading]
XRP lags recovery despite capital inflows
Ripple (XRP) is trading under increasing sell-side pressure as of writing on Monday. A near-term support at $1.41 suggests that dip-buying remains steady despite overhanging resistance at $1.53 and $1.78.Risk appetite has continued to improve amid … [Continue reading]
EUR/JPY edges higher as markets brace for BoJ, ECB decisions amid Middle East tensions
EUR/JPY trades around 186.95 on Monday at the time of writing, up modestly by 0.07%, as markets adopt a wait-and-see stance ahead of this week’s monetary policy decisions from the Bank of Japan (BoJ) and the European Central Bank (ECB).Investors … [Continue reading]
Singapore Industrial Production (YoY) climbed from previous -0.1% to 10.1% in March
Bitcoin, Ethereum and Ripple begin the week on a constructive note, extending gains after surging over 6%, 4% and 2% last week. BTC holds above $79,000, ETH closes above the 100-day Exponential Moving Average at $2,353, while XRP continues to … [Continue reading]
Iran’s Araghchi holds talks with Oman on ending war and securing Hormuz
Iran's Foreign Minister Abbas Araghchi held talks in Oman on Sunday and discussed security in the Strait of Hormuz and broader Gulf waters and diplomatic efforts to end the Iran-US conflict, Reuters reported on Sunday.Araghchi said that the US … [Continue reading]
USD/SGD: Upside risks as Hormuz crisis persists – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong flag slight upside risks for USD/SGD as the Hormuz standoff weighs on risk appetite and imported cost pressures. While Singapore Dollar (SGD) remains a regional defensive currency, they note fading … [Continue reading]
Chainlink expands tokenization infrastructure with AWS Marketplace integration
Chainlink (LINK) has launched its Data Standard on the Amazon Web Services (AWS) Marketplace, giving developers and financial institutions direct access to blockchain connectivity tools through AWS infrastructure.The launch brings Chainlink Data … [Continue reading]
PHP: BSP starts new hiking cycle – Commerzbank
Commerzbank highlights that BSP raised its policy rate by 25bp to 4.50%, signalling the start of a new tightening cycle to anchor inflation expectations. Despite a hawkish tone and higher inflation forecasts, the Peso underperforming regional peers … [Continue reading]