According to Bloomberg, European Central Bank annouced its commitment to keep inflation at 2 percent, implying that significant increase in interest rate is coming.
the ECB president said. “We will stay the course to ensure the timely return of inflation to our target,” and
“It is vital that inflation rates above the ECB’s 2% target do not become entrenched in the economy.”.
On other hand, on January 18th, CNN reported that "Bank of Japan maintains ultra-easy policy. BOJ Governor Haruhiko Kuroda explained “Uncertainty regarding Japan’s economy is very high. It’s necessary to support the economy with our stimulus policy, to ensure companies can raise wages,”
This could create an unique opportunity to place trade in intersection of those two currencies.
UPDATE:
Recently, Japan is selecting a new central bank’s new governor which is causing many speculations in the market about his strategy will be.
The new governor will start working only from April and make his position clear on policy. Until then most of these new stay only as speculations.
the ECB president said. “We will stay the course to ensure the timely return of inflation to our target,” and
“It is vital that inflation rates above the ECB’s 2% target do not become entrenched in the economy.”.
On other hand, on January 18th, CNN reported that "Bank of Japan maintains ultra-easy policy. BOJ Governor Haruhiko Kuroda explained “Uncertainty regarding Japan’s economy is very high. It’s necessary to support the economy with our stimulus policy, to ensure companies can raise wages,”
This could create an unique opportunity to place trade in intersection of those two currencies.
UPDATE:
Recently, Japan is selecting a new central bank’s new governor which is causing many speculations in the market about his strategy will be.
The new governor will start working only from April and make his position clear on policy. Until then most of these new stay only as speculations.
Trade closed: stop reached