USD/JPY Forecast: All Eyes on Inflation Reports from US, Japan
The yen could record its first month of gains in 2024 on suspicion of intervention. The core PCE price index will play a significant role in shaping the Fed's policy…
The yen could record its first month of gains in 2024 on suspicion of intervention. The core PCE price index will play a significant role in shaping the Fed's policy…
UK sales fell 2.3% in May, beating economists' expectations for a 0.4% drop. The probability of a rate cut by the Bank of England in June is 10%. Investors are…
The Canadian dollar weakened as Canadian inflation eased in May. Some Fed policymakers have called for a rate hike if inflation continues to beat forecasts. Next week, the US and…
Some policymakers have suggested raising interest rates to tame stubborn inflation. The data revealed improved business activity in the US manufacturing and services sectors. Investors will focus on US GDP…
The flash US composite output index jumped from 51.3 to 54.4. Inflation in Canada hit a three-year low of 2.7%. The prospect of higher rates in the United States weighed…
Japan's core consumer price index rose by 2.2%, which is a smaller increase than the 2.6% reported in March. The BoJ may not be ready to raise interest rates in…
The data showed better than expected PMI values for Germany. ECB President Lagarde is very confident that inflation is under control. Minutes from the Fed meeting revealed some hawkish sentiment…
The UK manufacturing sector has jumped from contraction to expansion. Business activity in the UK services sector fell from 55.0 to 52.9. Prime Minister Rishi Sunak announced elections for July…
Canadian inflation data met forecasts at 2.7%, down from the previous month. There is a 55% chance the BoC will cut rates in June. Fed policymakers remained cautious despite easing…
UK inflation fell from 3.2% to 2.3% in April. There is a 50% chance that the BoE will cut rates in June. Investors are waiting for the minutes from the…