Yen

31 May 2024
Dollar steadies before inflation test; Yen unaffected by Tokyo CPI

Key points: U.S. economy grew at a 1.3% annualised rate from January through March, down from an estimated 1.6%. Market participants eye the upcoming PCE inflation report for further direction on U.S. interest rates. On Friday, the dollar was recovering …

29 May 2024
Bank of Japan (BOJ) open to act on excessive Japanese yen decline 

Key Points:  Bank of Japan (BOJ) board member Seiji Adachi signals possible policy action if the Japanese yen falls excessively.  Underlying inflation continues to trend toward 2%.  BOJ to adjust monetary support based on economic, price and financial developments.  On …

28 May 2024
Aussie rises as investors await inflation data 

Key points:  Australian dollar appreciates past $0.665, marking a three-day winning streak.  Domestic inflation figures and cautious retail sales data influence interest rate outlook.  Market bets on the Reserve Bank of Australia maintaining high rates longer.  The Australian dollar (AUD) …

27 May 2024
Dollar strengthens ahead of news on global inflation

Key points: Dollar supported by interest rate expectations and mixed U.S. economic data. Euro and yen trading in tight ranges, awaiting key inflation readings. The dollar started the week on a firm note as traders awaited crucial inflation data from …

24 May 2024
Yen advances despite inflation concerns; Stock market shows mixed performance

Japanese CPI eased in April; record wage rises haven’t impacted general prices. BoJ’s challenge: Hiking into economic weakness with uncertain inflation path. Nasdaq Composite, S&P 500, Dow Jones all saw dips Nvidia shares surged over 9%, topping $1,000 for the …

24 May 2024
Japan’s Nikkei records weekly loss as Fed outlook weighs

Key points: Nikkei declines 1.17%, impacted by U.S. economic data. U.S. 10-year bond yield climbs, influencing global markets. Japan’s Nikkei share average fell sharply on Friday, reflecting declines on Wall Street. Strong U.S. economic data has stoked bets that persistent …

23 May 2024
A technical assessment of gold, Cable, Ninja, and Nvidia performance in May

Gold (XAU/USD) experienced a sharp drop on Wednesday, settling just above the important support level of $2,375. This support is vital for bulls, as holding this line could prevent a deeper retracement towards $2,360. Should the weakness continue, the focus …

17 May 2024
Japan’s Nikkei falls on Wall Street weakness and BOJ uncertainty

Key points: Nikkei ends lower after a three-day winning streak, influenced by Wall Street and BOJ policy. Broader Topix index posts a weekly gain despite early losses. Japan’s Nikkei share average snapped a three-day winning streak to close lower on …

16 May 2024
As CPI risk clears, asian markets take off

Key points: Asian Markets Rally: Fresh optimism about potential U.S. interest rate cuts boosts stocks across Asia, despite ongoing concerns in China and Japan. Major Economic Indicators: Upcoming reports on Japan’s GDP, Australian unemployment, and monetary policy in the Philippines …

15 May 2024
US economic indicators continue to influence Yen performance 

Key Points:  The Japanese yen (JPY) shows weakness against major currencies in response to risk-on sentiment fueled by potential US rate cuts.  Revised March PPI data and strong April figures influence expectations, leading to a 51% likelihood of a Fed …

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