

By Leika Kihara
TOKYO (Reuters) - The Bank of Japan is likely to maintain ultra-low interest rates on Friday and stress its resolve to support a fragile economy with massive stimulus, a move that may further weaken the yen by highlighting a policy divergence with the rest of the world.
While a modest, technical tweak to its yield cap or guidance on the future policy path cannot be ruled out, the BOJ is seen sustaining its massive monetary support for now to ensure the economy is fully out of the doldrums.
Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, in the wake of the U.S. Federal Reserve's 75-basis-point hike.
The likelihood that Japan will remain an outlier while global central banks tighten policy to combat inflation has pushed the yen down to 24-year lows, threatening to cool consumption by boosting already rising import costs.
But rising concerns over the weak yen have not deterred the BOJ from defending an implicit 0.25% cap for its 10-year bond yield target through ramped-up bond purchases.
At the two-day policy meeting ending on Friday, the BOJ is widely expected to maintain its -0.1% target for short-term rates and its pledge to guide the 10-year yield around 0%.
The central bank may also deepen its resolve to defend the 0.25% upper limit by targetting a wider range of debt maturities for its unlimited fixed-rate bond-buying operation, which currently covers only 10-year bonds, some analysts said.
"The BOJ could add a pledge to conduct emergency market operations targetting notes for a wider range of maturities," said Hiroshi Ugai, chief Japan economist at JPMorgan (NYSE:JPM) Securities.
"The central bank has no choice but to do this to control bond market moves, even though it probably doesn't want to accelerate the dollar's rises against the yen," he said.
The BOJ's yield cap has faced attack by investors betting the central bank could give in to global market forces, as rising U.S. yields push up long-term rates across the globe.
The BOJ is caught in a dilemma. With Japan's inflation well below that of Western economies, its focus is to support the stil-weak economy with low rates. But the dovish policy has triggered sharp yen falls, hurting an economy heavily reliant on fuel and raw material imports.
Some market players speculate the BOJ could raise its yield target or the implicit cap to slow the yen's decline.
BOJ Governor Haruhiko Kuroda has repeatedly stressed the need to keep interest rates ultra-loose, and that the central bank won't target exchange-rates in guiding policy.
Prime Minister Fumio Kishida appeared to defend Kuroda's stance. In a news conference on Wednesday, Kishida said the BOJ will likely take into account various factors besides yen moves, such as the impact on small firms' borrowing costs, in setting policy.
Kuroda is likely to warn against a weak yen at his post-meeting briefing, such as by highlighting the damage the currency's sharp falls could inflict on the economy, analysts said.
EUR/USD
1.0415
-0.0024 (-0.23%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (9)
Sell (0)
EUR/USD
1.0415
-0.0024 (-0.23%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (9)
Sell (0)
GBP/USD
1.2161
+0.0036 (+0.30%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (0)
USD/JPY
135.90
-0.68 (-0.49%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (9)
AUD/USD
0.6911
+0.0030 (+0.44%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (10)
Sell (0)
USD/CAD
1.2888
-0.0003 (-0.02%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (11)
EUR/JPY
141.54
-1.03 (-0.73%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (10)
EUR/CHF
0.9960
-0.0011 (-0.11%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (8)
Sell (0)
Gold Futures
1,819.20
+1.70 (+0.09%)
Summary
NeutralMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (2)
Sell (4)
Silver Futures
20.532
-0.206 (-0.99%)
Summary
NeutralMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (2)
Sell (3)
Copper Futures
3.7210
-0.0595 (-1.57%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (1)
Crude Oil WTI Futures
108.63
-1.15 (-1.05%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Brent Oil Futures
111.35
-1.10 (-0.98%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
Natural Gas Futures
6.455
-0.043 (-0.66%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (9)
Sell (1)
US Coffee C Futures
229.88
+1.63 (+0.71%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (5)
Euro Stoxx 50
3,431.95
-82.37 (-2.34%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (6)
S&P 500
3,818.83
-2.72 (-0.07%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (10)
Sell (0)
DAX
12,684.82
-318.53 (-2.45%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (1)
Sell (5)
FTSE 100
7,144.57
-167.75 (-2.29%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (8)
Hang Seng
21,859.79
-137.10 (-0.62%)
Summary
SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (3)
Sell (3)
US Small Cap 2000
1,719.37
-19.47 (-1.12%)
Summary
NeutralMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (4)
Sell (4)
IBEX 35
8,013.83
-174.17 (-2.13%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
BASF SE NA O.N.
40.165
-1.415 (-3.40%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Bayer AG NA
56.56
-1.06 (-1.84%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (7)
Sell (1)
Allianz SE VNA O.N.
181.02
-2.70 (-1.47%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (3)
Sell (5)
Adidas AG
167.65
-2.37 (-1.39%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Deutsche Lufthansa AG
5.386
-0.427 (-7.35%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Siemens AG Class N
97.68
-3.72 (-3.67%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (3)
Sell (4)
Deutsche Bank AG
8.236
-0.335 (-3.91%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (7)
Sell (1)
EUR/USD | 1.0415 | ↑ Buy | |||
GBP/USD | 1.2161 | ↑ Buy | |||
USD/JPY | 135.90 | ↑ Sell | |||
AUD/USD | 0.6911 | ↑ Buy | |||
USD/CAD | 1.2888 | ↑ Sell | |||
EUR/JPY | 141.54 | ↑ Sell | |||
EUR/CHF | 0.9960 | ↑ Buy |
Gold | 1,819.20 | Neutral | |||
Silver | 20.532 | Neutral | |||
Copper | 3.7210 | ↑ Buy | |||
Crude Oil WTI | 108.63 | ↑ Sell | |||
Brent Oil | 111.35 | ↑ Sell | |||
Natural Gas | 6.455 | ↑ Buy | |||
US Coffee C | 229.88 | Sell |
Euro Stoxx 50 | 3,431.95 | Sell | |||
S&P 500 | 3,818.83 | ↑ Buy | |||
DAX | 12,684.82 | Sell | |||
FTSE 100 | 7,144.57 | ↑ Sell | |||
Hang Seng | 21,859.79 | Sell | |||
Small Cap 2000 | 1,719.37 | Neutral | |||
IBEX 35 | 8,013.83 | ↑ Sell |
BASF | 40.165 | ↑ Buy | |||
Bayer | 56.56 | ↑ Buy | |||
Allianz | 181.02 | ↑ Sell | |||
Adidas | 167.65 | ↑ Buy | |||
Lufthansa | 5.386 | ↑ Sell | |||
Siemens AG | 97.68 | Neutral | |||
Deutsche Bank AG | 8.236 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,810![]() ![]() (5 ![]() ![]() |
SJC HCM | 6,830![]() ![]() (10 ![]() |
SJC Hanoi | 6,830![]() ![]() (10 ![]() |
SJC Danang | 6,830![]() ![]() (10 ![]() |
SJC Nhatrang | 6,830![]() ![]() (10 ![]() |
SJC Cantho | 6,830![]() ![]() (10 ![]() |
Cập nhật 30-06-2022 20:25:00 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,820.81 | +1.75 | 0.10% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 33.470 | 34.130 |
RON 95-III | 32.870 | 33.520 |
E5 RON 92-II | 31.300 | 31.920 |
DO 0.05S | 30.010 | 30.610 |
DO 0,001S-V | 30.810 | 31.420 |
Dầu hỏa 2-K | 28.780 | 29.350 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $107.63 | +0.72 | 0.66% |
Brent | $111.21 | +0.69 | 0.62% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.105,00 | 23.415,00 |
EUR | 23.704,39 | 25.032,07 |
GBP | 27.520,94 | 28.694,87 |
JPY | 165,73 | 175,46 |
KRW | 15,51 | 18,90 |
Cập nhật lúc 18:51:16 30/06/2022 Xem bảng tỷ giá hối đoái |