Key Takeaways 🇯🇵 Japanese authorities bought yen in September 2022 to boost its currency 📉 Yen weakness now seen as problematic due to shifts in production and heavy reliance on imports 💬 Verbal warnings and rate checking by BOJ may signal imminent intervention 💰 Yen is currently at its weakest point in decades 🇯🇵 Bank … Read more
Key Takeaways 💲 The U.S. dollar fell on Thursday, except against the yen, due to unexpected economic growth slowing and inflation acceleration. 📈 U.S. gross domestic product grew at a 1.6% annualized rate in the January-March period, slower than expected, leading to concerns related to inflation and interest rates. 📊 The core personal consumption expenditures … Read more
Key Takeaways: 💵 The dollar weakened after surprising US GDP and inflation data 📉 The Euro and Yen strengthened against the dollar 📈 The Australian and New Zealand dollars benefitted from the weaker US dollar 🌍 Investors are more focused on inflation rather than growth 🔍 Market eyes on the release of PCE price index … Read more
Key Takeaways: 💹 South African rand strengthened after producer inflation data 📈 Dollar was trading down against major currencies 📊 Producer inflation rose slightly to 4.6% year on year in March 🏦 Central bank aiming to bring consumer inflation back to midpoint of target range 📉 Top-40 index closed 0.2% lower on stock market 🍽️ … Read more
Key Takeaways: 💸 Citi exited a long position in the AUD/USD currency pair due to higher-than-expected core PCE data 🌍 Gold has a historical role as a store of value and is considered a safe-haven asset during turbulent times. 📊 Importance of economic data on trading strategies and timely decision-making in response to market information … Read more
Key Takeaways: 💲 The U.S. dollar strengthened after a higher-than-expected inflation reading for the first quarter, delaying the Federal Reserve’s easing cycle. 📉 The yen reached a 34-year low against the dollar and a 16-year low against the euro due to expectations of a less hawkish Bank of Japan policy. 📊 U.S. gross domestic product … Read more
Key Takeaways: 💵 Yen hits 34-year low against the dollar and 16-year low against the euro 📉 Dollar rose to a 34-year high of 155.74 yen 🇯🇵 Tokyo authorities expected to take action at the breach of the 155 level 💶 Euro hits a 16-year high of 166.98 yen 📊 BOJ meeting expected to deliver … Read more
Key Takeaways: 💵 Dollar slips ahead of release of key U.S. growth data 📉 Yen falls to 34-year lows 📈 Euro gains after positive German economic outlook 🇬🇧 Pound rises on strong British business activity growth 🇯🇵 Yen’s slide prompts fears of possible currency intervention in Japan 🇨🇳 Chinese currency remains strong with People’s Bank … Read more
Key Takeaways: 💵 Yen hits fresh 34-year low against the dollar 📉 Dollar broke above 155 yen level for the first time since 1990 🇯🇵 Tokyo authorities may intervene if yen breaches 155 level 🏦 BOJ expected to deliver a marginally hawkish hold outcome 🇪🇺 Euro and sterling rose after upbeat business activity data 📈 … Read more
Key Takeaways: 💵 The South African rand remained stable in early trade before producer inflation data release 📊 Statistics South Africa will release the March Producer Price Index around 0930 GMT 📈 Analysts predict a slight increase in March producer inflation to 4.6% 🏦 The South African Reserve Bank has kept its main interest rate … Read more