USD/JPY Price Analysis: Yen Gains Following Ishiba’s Victory
Japan announced a new prime minister on Friday after a close race. Japan's new Prime Minister Ishiba supports current monetary policy moves. Inflation in the US rose by 0.1%, which…
Japan announced a new prime minister on Friday after a close race. Japan's new Prime Minister Ishiba supports current monetary policy moves. Inflation in the US rose by 0.1%, which…
Saudi Arabia plans to increase production after abandoning its $100 oil price target. Market participants are focused on Canadian GDP data. Initial US jobless claims fell to 218,000, below forecasts…
The dollar rallied as investors sought safety amid rising tensions in the Middle East. Market participants estimate a 59% chance of another 50 basis point rate cut in November. Sterling…
Initially, the dollar strengthened due to escalating Middle East tensions. Markets are pricing in a higher than 59% chance of a massive November Fed tapering. All eyes are on the…
Australia's Consumer Price Index report showed inflation rose by 2.7%. RBA policymakers said they would look beyond falling headline inflation. Data on Tuesday showed an unexpected drop in US consumer…
The People's Bank of China has announced plans to cut borrowing costs by 50 basis points. Bank of Canada Governor Tiff Macklem gave a dovish speech. The dollar fell after…
The RBA kept rates on hold on Tuesday and reiterated its commitment to reducing stubborn inflation. The probability of an RBA cut in December increased slightly to 72%. PMI data…
Monday's data painted a gloomy picture of the eurozone economy. Market participants increased the odds of an October ECB cut to 77%. The US composite PMI remained at 54.4 in…
An unexpected jump in services inflation complicated the outlook for a BoE rate cut. The data revealed an unexpected 1% rise in UK retail sales. The dollar strengthened against a…
The BoJ kept rates on hold on Friday and gave no clear guidance on future rate hikes. Market participants estimate a 49% chance of another big Fed tapering in November.…