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…
Read More »Large manufacturers sentiment in Japan has declined for 3 consecutive quarters
<p>The Bank of Japan Tankan survey of manufacturers and non-manufacturers.</p><p>Large manufacturing sentiment has fallen for 3 straight quarters, at it lowest since March of 2021</p><p>Non-manufacturing though hs improved for 2…
Read More »Asia-Pacific Markets Face Risk-Off Move as US Dollar Batters Sentiment
An already exceptionally strong US Dollar surged on Friday, threatening Asia-Pacific market sentiment. The Bank of Japan Governor Kuroda is due to speak today.
Read More »Market Update – September 23
USDIndex – holds above 111. Yields: 10-year surged 18 bps to hit 3.71% but finished at 3.69%. 2-year was 9 bps higher at 4.15% before easing off. It was an…
Read More »The Dollar is King. What will keep it king this week?
<p>The dollar is king with the EURUSD trading to the lowest level since 2002. The GBPUSD traded to the lowet level since 1985. The AUDUSD, NZDUSD and the NZDUSD traded…
Read More »USD/JPY aims to re-test 141.00 as odds of BOJ’s further intervention escalate, US PMI eyed
The USD/JPY pair is displaying back-and-forth moves in a narrow range of 142.27-142.58 in the Tokyo session. The asset displayed a pullback move after
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