USD/JPY itself is up 1.4% to 144.68 currently as the yen continues to be dismantled in European morning trade. This follows the BOJ pushback against any indication of an early hawkish policy pivot, as Ueda reaffirms that they will wait on the spring wage negotiations...
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FBS 2023-2024 Market Review
With 2023 coming to an end, leading global broker FBS looks back at the significant economic events and delves into the perspective of the financial landscape in 2024. FBS financial market analysts point out that next year, financial markets will stand at the cusp of...
FX option expiries for 19 December 10am New York cut
There aren't any significant option expiries for today. As such, trading sentiment will rely more to flows and the overall risk mood in markets. So far, there isn't much to suggest any notable trends in price action as there is very little to work with besides the...
European equities little changed to get the session underway
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
BOJ governor Ueda: Little chance for us to say ‘we will change policy’ next month
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Monetary policy falls under BOJ jurisdiction, says Japan chief Cabinet secretary Hayashi
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
USD/JPY extends rebound as Ueda reaffirms BOJ wait-and-see mode for now
It is yet another day the Japanese yen bulls are feeling disappointed, as those hoping for any hints of an early policy pivot by the BOJ are left wanting. The central bank kicked the can down the road to March to April next year and Ueda is adamant about waiting on...
Eurostoxx futures up 0.1% in early European trading
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
BOJ governor Ueda: Generally speaking, policy change could involve element of surprise
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
ECB’s Villeroy: We will not raise interest rates anymore
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
We are still not foreseeing sustainable, stable inflation with enough confidence – Ueda
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
French inflation to fall below 2% in 2025 – Bank of France
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Eurozone inflation highlights the economic calendar in the session ahead
The Japanese yen is the main mover today, slumping hard as the BOJ once again disappointed yen bulls by sticking to the status quo. USD/JPY is now up 0.5% to 143.50, moving up from around 142.60 earlier going into the BOJ decision. Apart from that, the dollar is...
Japan government bond yields slide lower as BOJ sticks to the status quo
Here's a snapshot of 10-year yields and 30-year yields for Japanese government bonds (JGBs):The former is the more crucial one and is down roughly 3 bps to 0.641% currently. That's a far cry from the sudden spike up to 0.80% earlier this month when traders took BOJ...
S&P 500 eyes fresh record highs on Santa Claus rally
By my record, you'd have to go all the way back to 2013 for the S&P 500 to observe such a winning streak. During that stretch, the index gained by "just" 6.8%. This time around the index is up a whopping 15.1% in those eight weeks, based on yesterday's close. Talk...
USD/JPY looks for third straight day of gains as BOJ stays the course
As a result of leaving policy unchanged here, USD/JPY jumped up by roughly 100 pips and is consolidating gains around 143.50 now. Of note, the pair is in the hunt for a third straight day of gains - first since over a month ago - and is keeping above its 200-day...
ForexLive Asia-Pacific FX news wrap: BOJ policy left unchanged, JPY weakened
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Goldman Sachs Predicts 5 Rate Cuts by the Federal Reserve in 2024
Chief economist at Goldman Sachs, Jan Hatzius, outlined 5 rate cuts coming from the Federal Reserve ahead:three in the first half of 2024 “We see the committee delivering at least three back-to-back 25bp cuts, probably in March, May, and June. Such an adjustment would...
Japan’s Ministry of Finance to Reduce 20-Year Government Bonds Supply
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...