Events to Look Out For Next Week
Trading activity could gear up quickly to begin the abbreviated week with the key question still being how much further policymakers will have to boost rates. The inflation figures out…
Read More »Japan December (final) Services PMI 51.1 (prior 50.3)
<p>Earlier this week we had:</p><ul><li><a href="https://www.forexlive.com/news/japan-manufacturing-pmi-for-december-final-489-vs-prior-490-20230104/" target="_blank" rel="follow" data-article-link="true">Japan manufacturing PMI for December (final) 48.9 (vs. prior 49.0)</a></li></ul><p>The preliminaries and priors for the December PMIs are here:</p><ul><li><a href="https://www.forexlive.com/news/japan-jibun-preliminary-flash-manufacturing-pmi-for-december-488-prior-490-20221216/" target="_blank" rel="follow">Japan…
Read More »USD/JPY aims to resume upside journey from 132.00 as BOJ favors further policy easing
The USD/JPY pair has corrected gradually to near the critical support of 132.00 in the early Asian session. The asset has witnessed weak selling press
Read More »Reminder – most of Asia is on holiday today, forex liquidity is extremely thin
<p>ICYMI,<a href="https://www.forexlive.com/news/a-barrage-of-asian-market-holidays-incoming-next-week-fx-guide-20221223/" target="_blank" rel="follow"> I posted last week on the holidays in major FX centres in Asia this week</a>. The whole week is going to be more or less a…
Read More »AUDJPY: Rounding Top Downside Breakout Detected
AUDJPY, Daily The RBA appeared to fulfil market expectations by offering clues in the RBA minutes on when it will end its tightening cycle. According to the minutes, the central…
Read More »Market Update – December 21
The USD Index stuck at 103.50 bottom. Stocks pick up overnight, after they were pummeled Tuesday by the BoJ’s surprise hawkish tweak in its yield curve control. Yields: JGB 2-year…
Read More »BOJ must eye rate hike, shift to more flexible policy, says ex-deputy governor
Reuters reported that the Bank of Japan (BOJ) must make its monetary policy framework more flexible and stand ready to raise its long-term interest ra
Read More »Markets Week Ahead: Dow Jones, US Dollar, Gold, Japanese Yen, PCE, Bank of Japan
The Dow Jones, DAX 40 and Nikkei 225 fell as volatility struck markets last week. Ahead, the US Dollar and gold prices await US PCE data while USD/JPY turns to…
Read More »More from BOJ Gov Kuroda: Japan has yet to see inflation hit 2% in stable sustained manner
<p>Bank of Japan Governor Kuroda</p><ul><li>Japan's CPI rise above 3% is driven mostly by rising import costs</li><li>Japan has yet to see inflation hit 2% in a stable sustained manner</li></ul><p>more to come…
Read More »IMF continues to support Bank of Japan loose monetary policy – required for inflation
<p>Remarks from the IMF's man in Japan, Mission Chief Salgado:</p><ul><li>Stimulus from the BOJ is required to loner-term inflation</li><li>a shorter BOJ yield target is necessary for policy sustainability </li></ul><p>I'm not sure…
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