AUD/JPY rebounded to trade above the 111.00 level during Asian hours, offsetting earlier losses despite heightened safe‑haven demand from the Middle East crisis. The Australian dollar’s recovery was supported by a modest easing in domestic inflation and a dip in the S&P Global Manufacturing PMI to 51.0, its weakest reading in four months. Meanwhile, the Japanese yen gained strength as investors sought safety, reinforced by Bank of Japan Deputy Governor Ryozo Himino’s remarks that rates could rise gradually if economic forecasts are met. Geopolitical tensions, including Israeli strikes on Beirut and U.S. actions against Iran, added volatility to the pair.
Bank of Japan Deputy Governor Shinichi Himino said the central bank’s policy remains somewhat accommodative but should gradually move toward a neutral stance through moderate rate hikes. He noted that the inflation gap is still slightly negative but expected to...
US Dollar slipped this week, trading near 97.60 on the DXY, down about 0.2% as traders digest the Supreme Court’s decision that declared Trump‑era tariffs illegal and the administration’s subsequent new levies. A stronger‑than‑expected Producer Price Index failed to lift...
GBP/USD slipped about 0.10% to 1.3469 as US core PPI jumped 3.6% YoY, reinforcing expectations of a less dovish Federal Reserve. The stronger dollar was further supported by rising geopolitical risk in the Middle East, which hurt risk‑on sentiment. In...
UOB analyst Ho Woei Chen projects China’s 2026 real GDP growth at 4.7%, with the National People’s Congress likely setting a target range of 4.5‑5%. Inflation is expected to stay low, with a CPI target near 2% and actual inflation around 0.9%....
EUR/JPY slipped to around 184.00 on Friday, marking a second consecutive decline of 0.10%. The drop was driven by a stronger Japanese yen after mixed inflation data showed a 1.6% year‑on‑year rise, with core CPI at 1.8% above expectations. Meanwhile,...
Germany's flash CPI data showed annual inflation easing to 1.9% in February, undercutting the 2% market forecast. The month‑on‑month CPI rose 0.2%, while the ECB’s preferred HICP climbed 0.4% monthly and posted a 2.0% annual rate, also missing expectations. The...
The New Zealand dollar extended its rally for a third straight session, hovering around the 0.6000 level against the US dollar during Asian trading. The move reflects pressure on the US dollar as President Trump defended tariffs and the IMF warned...
The U.S. Dollar Index slipped to around 97.50 during Asian trading, marking a second straight session of decline amid White House policy doubts. President Donald Trump’s State of the Union remarks defended and expanded Section 122 tariffs to 10 %, adding trade‑related...
Australia’s January consumer price index is expected to rise 3.7% year‑over‑year, a slight dip from December’s 3.8%. The forecast includes a Trimmed Mean CPI of 3.3% YoY, unchanged from the prior month, highlighting persistent core inflation. The Reserve Bank of...
USD/JPY rose to 155.70 on Tuesday, up 0.64% after hitting a daily high of 156.28. The move follows comments from Japan’s prime minister signaling caution on further BoJ rate hikes, which have kept yen pressure alive. Technically, the pair sits...
The Dow Jones Industrial Average rose about 300 points, or 0.65%, as investors returned to equities ahead of the Federal Reserve’s January minutes. Nvidia surged over 2% after Meta announced an expanded AI‑chip partnership worth tens of billions, reinforcing Nvidia’s...
GBP/JPY slipped below the 210.00 psychological level, trading around 207.28 and marking a near two‑month low. The decline follows weaker UK labour‑market data that has pushed market consensus toward two Bank of England rate cuts this year, with the first...
USD/JPY is hovering around the 153.00 level as traders await key US data. The pair was rejected at the 153.70 resistance, found support near 152.70, and settled back near 153.00. Weak Japanese Q4 GDP, which fell short of forecasts, kept...
The Australian dollar held near 0.7072 against the U.S. dollar on Monday as a firmer greenback limited upside. The pair slipped from three‑year highs of 0.7147 after U.S. CPI showed inflation easing to 2.4% and unemployment edging down to 4.3%,...