Just like Fed, is BoJ’s independence under threat?
When talking about central bank independence, most of the focus has been on Donald Trump’s pressure on the Federal Reserve.

When talking about central bank independence, most of the focus has been on Donald Trump’s pressure on the Federal Reserve.
Something is breaking inside the Federal Reserve’s new strategy, signaling a massive regime change for macro markets. Under the leadership of newly appointed Fed Chair Kevin Warsh, the traditional framework of forward guidance and predictable rate paths could be dismantled soon.
Gold kicks off a new week on a bearish note on Monday, after booking a fourth straight weekly loss and snapping a two-day recovery from seven-month lows.
Another promising week for the US Dollar (USD). Indeed, the Greenback climbed to levels last seen in early May 2025 near the 102.00 barrier, as measured by the US Dollar Index (DXY).
The EUR/USD pair fell sharply for a second consecutive week, trading as low as 1.1324 before recovering towards the current 1.1410 price zone.
Nearly four months after the start of the Iran war, the US economy remains remarkably resilient.