We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
Market News As Japan Approaches BOJ Amamiya to Handle Monetary Policy, EUR/JPY Rebounds from 142.00

As Japan Approaches BOJ Amamiya to Handle Monetary Policy, EUR/JPY Rebounds from 142.00

As Japan approaches BoJ's Amamiya as a potential successor to BoJ's Kuroda, EUR/JPY has rebounded to approximately 142.80. In light of the European Central Bank's (ECB) decision to raise interest rates, the Eurozone's retail sales may continue to decline. The ECB is anticipated to increase interest rates in May, following a 50 basis point increase in March.

Alina Haynes
2023-02-06
9599

EUR:JPY.png 

 

After correcting to roughly 142.00 during the Asian session, the EUR/JPY pair has exhibited a strong comeback. According to a report from Nikkei as cited by Bloomberg, Japan's administration is attempting to recruit Bank of Japan (BoJ) Deputy Governor Masayoshi Amamiya to succeed Haruhiko Kuroda as the head of the central bank.

 

In February, the nominations for Kuroda's replacement will be completed, and discussions for a departure from the decade-long ultra-loose monetary policy will heat up.

 

The yield curve has already been stretched by the BoJ to increase flexibility. Masazumi Wakatabe, Deputy Governor of the BoJ, stated last week, "BoJ's December decision to broaden band was a necessary step to make YCC more sustainable, but the move alone may have weakened the stimulus effect."

 

For fresh momentum in the Eurozone, investors are expecting the release of Retail Sales statistics. On an annual basis, the economic data is anticipated to decline by 2.7%, compared to the previous annual contraction of 2.8%. The monthly data is anticipated to decline by 2.5% compared to the 0.8% expansion reported previously.

 

The Eurozone economy has experienced five straight months of a decline in consumer expenditure, which will please the European Central Bank (ECB) as it reduces its predictions for the Consumer Price Index (CPI).

 

Pierre Wunsch, a member of the ECB Governing Council, told Reuters on Friday that the ECB will not go from a 50 basis point (bps) rate hike in March to zero in May. Wunsch indicated that a 25 or 50 basis point increase is possible in May.


Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free