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TDUX
Oct 29 - 10:55 PM
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USD/JPY - Slumps Into BOJ, After Hours US Stock Fall Effect?

By Haruya Ida  —  Oct 29 - 09:26 PM

• USD/JPY slumping into the BOJ policy announcement

• From an early high of 157.89 to 157.19 EBS, still looking weak

• Fall could be on second thoughts on a BOJ hike today?

• Tokyo October CPI data high and well above BOJ's 2% target

• Expectations for continuing rises in national inflation data too

• Also of interest fall in more AI-technology stocks after NYSE close

• In addition to Alphabet profit miss, Amazon and Intel profits down too

• AI-hyperscaler concerns on the rise again

• Recent USD/JPY moves tied to moves in global equities

• JPY again seen as a haven of sorts?

• This despite Nikkei falls as foreign investors take off currency hedges

• Related , on Tokyo CPI/economy

• On Amazon, Intel shares , for more click on [FXBUZ]

USD/JPY hourly:


S&P E-Minis Index - hourly:


Nikkei 225 hourly:


(Haruya Ida is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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