USD/JPY Outlook: Recovering as Investors Eye BoJ, Fed
Last week, the yen gained over 2% against the US dollar. The BoJ could raise rates by 10 bps. The Fed is likely to keep rates unchanged. The USD/JPI outlook…
Last week, the yen gained over 2% against the US dollar. The BoJ could raise rates by 10 bps. The Fed is likely to keep rates unchanged. The USD/JPI outlook…
There is a 60% chance the BoE will cut rates on Thursday. Services inflation in the UK has remained stubbornly high. Investors are hoping for a signal that the Fed…
This week's main events include the Fed policy meeting and the NFP. The probability of a Fed rate cut this week is below 5%. The ECB's Schnabel said rising service…
The Bank of Canada made its second interest rate cut on Wednesday. Investors are pricing in a 70% chance the BoC will cut rates in September. US inflation rose modestly,…
Investors fully expect two interest rate cuts from the BoE by December. Data on business activity in the US and UK showed further expansion in June. Investors will pay close…
Investors increased bets on a BoJ rate hike next week. US GDP data for Q2 was 2.8%, well above the forecast of 2.0%. Investors are waiting for the meetings of…
The yen gained 2.4% this week. The chances of the BoJ increasing the rate are above 67%. BoJ may announce plans to taper bond purchases. The outlook for USD/JPY is…
Markets are fully pricing in two BoE rate cuts until December. Data on Thursday revealed a stronger-than-expected expansion in the US economy. All eyes are on the core US PCE…
The Bank of Canada cut borrowing costs by 25 basis points to 4.5%. Canadian factory sales fell 2.6% in June. The US composite PMI rose to 55.0, indicating strong business…
Data on Wednesday showed a drop in eurozone business activity in July. The composite PMI rose to 55.0, indicating an increase in business activity. Forecasts show that the economy grew…