At each and every point last year when yen bulls were anticipating a policy shift by the BOJ, they wound up getting scorched. Evidently, the burn scars are still seemingly painful as even with a positive nod on the spring wage negotiations outcome and more hawkish...
BOJ reportedly making final preparations to exit negative rates next week
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Japan’s largest trade union: Preliminary data shows average wage hike of 5.28% this year
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GBPUSD Technical Analysis – The price is near a key support zone
USDThe Fed left interest rates unchanged as expected at the last meeting and dropped the tightening bias in the statement.The US CPI and the US PPI beat expectations for the second consecutive month.The NFP report beat expectations on the headline number, but the...
FX option expiries for 15 March 10am New York cut
There is just one to take note of, as highlighted in bold.That being the expiries for USD/CAD around 1.3535-50 near the current levels. That could help to keep price action more limited in the session ahead. However, I'd be more wary of the 100-day moving average at...
FX mostly muted ahead of European trading
The dollar is making a stand after the slew of US data yesterday, which prompted some mixed reactions initially. But ultimately, the bond market was the one that made the difference as higher yields helped to underpin the greenback. 10-year Treasury yields moved up by...
PBOC said to have no intention of actively draining cash from the banking system
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BOJ to only exit negative rates in April, but March cannot be ruled out – poll
21 of 34 (~62%) economists expect BOJ to end negative rates in April12 of 34 (~35%) economists expect such a move in March next weekSimilarly, 62% expect the BOJ to scrap YCC in April while 31% say that will take place in MarchI think the odds fairly reflect...
Bitcoin, and the wider crypto complex, has sunk further during Asia time.
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ForexLive Asia-Pacific FX news wrap: Japan fin min Suzuki says “no longer in deflation”
Japan’s finance minister Suzuki said today that the country was “no longer in deflation.” This is a sharp turnaround from comments from officials previously. Indeed, it was only Tuesday when Suzuki was reported as saying we cannot declare deflation as beaten. Suzuki’s...
The Reserve Bank of Australia March policy decision is due on the 19th – ‘on hold’ preview
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US dollar strength has persisted in Asia
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ECB rate cut speculation is ramping up, Chief Economist Lane to comment Friday
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China February new house prices -1.4% y/y (prior -0.7%)
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PBOC sets USD/ CNY reference rate for today at 7.0975 (vs. estimate at 7.2058)
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Japan Chief Cabinet Secretary Hayashi expects the BoJ to stably hit its inflation target
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PBOC is expected to set the USD/CNY reference rate at 7.2058 – Reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
Reserve Bank of Australia expected to keep its 4.35% cash rate unchanged until September
The Reserve Bank of Australia will hold its key interest rate at 4.35% for a third straight meeting on Tuesday and at least until end-September.That's the result showing from Reuters poll ahead of the RBA meeting. All 40 economists polled forecast that the RBA would...
US Dollar Soars on Inflation Risks as Fed Looms; EUR/USD, GBP/USD, USD/JPY Setups
Most Read: British Pound Outlook & Market Sentiment – GBP/USD, GBP/JPY, EUR/GBPThe U.S. dollar surged on Thursday after a subdued performance in recent days, boosted by soaring U.S. Treasury yields following higher-than-anticipated February’s PPI numbers, released...