Bank of Japan board member Naoki Tamura spoke today:BOJ's Tamura makes his case again for faster interest rate hikesHis comment on getting rates to 1% is catching headlines: short-term interest rates shouldd be raised to at least 1% by the second half of fiscal 2025...
US government vessels to sail free through Panama Canal
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BOJ’s Tamura makes his case again for faster interest rate hikes
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PBOC sets USD/ CNY mid-point today at 7.1691 (vs. estimate at 7.2535)
Earlier on China:***People's Bank of China USD/CNY reference rate.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...
Fed’s Jefferson says happy to keep Fed Funds on hold at current rate
Federal Reserve Vice Chair Philip Jefferson: need to look at the totality of the net effect of the Trump administration's influence on policy goalshappy to keep policy at the current level of restrictiveness until there is a better sense of the totality of impactseven...
Japan’s fin min Kato sees inflation pressure continuing to rise
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Nothing from Bank of Japan Board Member Tamura Naoki yet
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Australian December trade surplus comes in at AUD5085mn, below estimate of AUD7000mn
Australian Trade Balance (MoM) (Dec) 5,085mnexpected 7,000mn, prior 6,792mnImports (MoM) (Dec) +5.9%prior +1.4%surge in imports of capital equipment, oil products and consumption goodsExports (MoM) (Dec) +1.1%prior +4.2%gains in iron ore exports***AUD down a few tics...
Fed’s Jefferson does not offer anything much new on the economy or policy in his speech
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The Bank of England (BoE) is expected to cut interest rates by 25bp at its meeting today
The Bank of England (BoE) is expected to cut interest rates by 25bp at its meeting today, Thursday, February 6, 2025. This will be the third cut of the cycle so far. The Bank's Monetary Policy Committee is pondering a weak economy with nevertheless persistent...
Goldman Sachs dismisses bubble concerns over US equity market dominance
Goldman Sachs has pushed back against concerns that the dominance of the US equity market, particularly within the technology sector and among a handful of leading companies, signals the formation of a financial bubble.In its latest market commentary, the investment...
BoJ hawk Naoki Tamura is scheduled to speak soon
Repeating this from yesterday as a heads up ICYMI. Bank of Japan Board Member, Tamura Naoki at a meeting with local leaders in Nagano at 9.30 am Tokyo time:at 0030 GMT / 2030 US Eastern timeBack in December 2024 Naoki Tamura proposed raising rates to 0.5%, citing...
JP Morgan maintains view that US-China tariff war likely to escalate, all the way to 60%
JP Morgan has reaffirmed its baseline assumption that the United States will raise tariffs on Chinese goods to 60%, signalling expectations of further escalation in the ongoing trade conflict between the world’s two largest economies.In its latest assessment, the...
USD/JPY forecast to 145
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Bitcoin to Hit US$500K by 2028 – forecast by Standard Chartered
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JP Morgan see a much weaker Chinese yuan due to Trump tariffs, PBoC to step in
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Forexlive Americas FX news wrap 5 Feb: Yields move lower helped by lower ISM services
The USD is lower vs all the major currencies vs the USD. The biggest mover was the USDJPY with the greenback moving down by -1.07%. The move lower was helped by earlier comments from the BOJ Policy Head Kazuhiro Masaki who emphasized that underlying inflation in Japan...
Trump’s Treasury Secretary Bessent threatens the largest tax hike in history
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Economic calendar in Asia 06 February 2025 – Fed speaker, Australian data
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