USD/JPY Forecast: Yen Gains Amid BoJ-Fed Divergence
The likelihood of a 50 basis point Fed rate cut in September fell due to better-than-expected data. This week, traders will be watching the Jackson Hole Symposium. Bank of Japan…
The likelihood of a 50 basis point Fed rate cut in September fell due to better-than-expected data. This week, traders will be watching the Jackson Hole Symposium. Bank of Japan…
UK retail sales rose 0.5% in July after falling 0.9% the previous month. UK GDP data reveals expected growth of 0.6% in Q2. All the focus will be on Powell's…
The data revealed that July wholesale inflation in the US was softer than expected. The headline US CPI number eased to 2.9% from 3.0%. The dollar got a brief respite…
The US PPI and CPI reports confirmed that inflation is on a consistent path towards the 2% target. US retail sales jumped and jobless claims fell. Next week, investors will…
US retail sales rose 1.0% in July. The probability of a 50 bps Fed rate cut in September fell to 25%. US jobless claims fell to 227,000 last week. The…
US retail sales data showed an unexpected 1.0% increase in July. The odds of a 50 bps Fed rate cut in September have been reduced to 25%. Canadian wholesale trade…
Employment in Australia rose by 58,200 in July. The probability of an RBA rate cut in November fell from 55% to 45%. The US dollar was on the back foot…
The data shows that the UK economy grew by 0.6% in Q2. Markets now see a 25 basis point Fed rate cut as more likely. Investors await the US retail…
The dollar weakened after data showed PPI rose less than 0.1% in July. The probability of a 50 basis point Fed rate cut in September rose from 50% to 53.5%.…
The consumer price index in Great Britain rose by 2.2 percent less than expected in July. UK services inflation rose 5.2% in July after increasing 5.7% in the previous month.…