PT Solid Gold Berjangka | Yen Rises on Speculation of BOJ Policy Tweak; Dollar Ebbs

01:52 31 October in Commodity, PT SGB, SOLID GOLD BERJANGKA | SOLID GROUP

Solid Gold Berjangka | The provided information is a snapshot of the foreign exchange market and economic news as of the date mentioned in the text (Tuesday). Here are some key points from the text:

  1. Japanese Yen (JPY): The yen was near a two-week high against the US dollar, supported by a report suggesting that the Bank of Japan (BOJ) might make adjustments to a key bond yield policy tool as part of its monetary decision.
  2. US Dollar (USD): The US dollar had a relatively stable month and was underpinned by expectations of another interest rate hike by the Federal Reserve due to the resilient US economy. However, it had lost some steam after a significant gain in September.
  3. Euro (EUR): The euro was set to reverse two consecutive months of losses with a 0.4% gain for October, trading at approximately $1.0611. Some economic data from Germany and the eurozone indicated changes in inflation and economic growth.
  4. Australian Dollar (AUD): The Australian dollar lost value against both the yen and the US dollar and was headed for a monthly loss of more than 1%.
  5. Israeli Ground Offensive: The US dollar edged lower due to an increase in risk appetite, attributed to Israel’s ground offensive in Gaza being less extensive than previously feared.
  6. Dollar Index: The dollar index, which measures the US dollar’s value against a basket of other currencies, was at 106.20.
  7. Sterling (GBP): The British pound fell slightly and was set to lose more than 0.3% for the month. This was ahead of an upcoming interest rate decision by the Bank of England, where expectations were for the central bank to maintain its current interest rate.
  8. Euro Zone Inflation Data: Data on euro zone inflation was expected to be released later on the same Tuesday.

Please note that this information is time-sensitive and may not reflect the current state of the foreign exchange market or economic conditions as of the current date. Market conditions can change rapidly due to various factors, including economic indicators, central bank policies, and geopolitical events.