The Japanese Yen is undermined by concerns about the economic fallout from Trump’s tariff. A positive risk tone also dents demand for the safe-haven JPY and lends support to USD/JPY. The USD bulls seem reluctant to place aggressive bets and opt to wait for the Fed decision. The Japanese Yen (JPY) remains on the defensive […]
Japanese Yen remains on the back foot against USD; focus remains on Fed Read More »
The Dow Jones eased somwhat on Friday, testing into 44,300. Despite a quiet end to the week, equities are poised for strong bullish closes. US PMI data came in more mixed than expected, to little effect. The Dow Jones Industrial Average (DJIA) churned into a soft backpedal on Friday, testing down around 200 points on a
Dow Jones Industrial Average trims gains on Friday but still green for the week Read More »
The Australian Dollar loses ground due to increased risk aversion as traders focus on Trump’s economic policies, including tariffs. The S&P/ASX 200 Index rose to nearly 8,400, reaching its highest level in six weeks. President Trump intends to instruct federal agencies to review tariff policies and assess the relationships with Canada, Mexico, and China. The
Australian Dollar depreciates amid risk-off sentiment, eyes on Trump’s policies Read More »
Japan’s Finance Minister Katsunobu Kato reiterated on Friday that it’s “up to the Bank of Japan (BoJ) to decide on monetary policy..” He further noted that he “expects the BoJ to conduct monetary policy appropriately to achieve the 2% inflation target.” Market reaction USD/JPY is maintaining the bounce to trade near 155.30 following these above
Japan’s Kato: Up to Bank of Japan (BoJ) to decide on monetary policy Read More »
People’s Bank of China (PBOC) Governor Pan Gongsheng said on Monday that “interest rate and RRR tools will be utilized to maintain ample liquidity.” Additional comments Reaffirms China plans to increase the fiscal deficit. China will remain a driving force for the global economy. Policy focus should shift towards investment and consumption. Challenges persist in
The Australian Dollar loses ground after releasing mixed domestic data on Thursday. China’s Consumer Price Index rose by 0.1% YoY in December, against the previous 0.2% increase. The US Dollar rose as the 10-year yield on Treasury bonds advanced following the FOMC Minutes release. The Australian Dollar (AUD) extends its losses for the third consecutive
Australian Dollar remains subdued following China’s inflation report Read More »