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…

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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…

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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…

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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

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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…

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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…

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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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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…

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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.

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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…

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