February 14, 2023 9:56 am
USD/JPY edged lower on Tuesday after Kazuo Ueda’s surprise nomination to be the next Bank of Japan governor, while market players were expecting the key US CPI inflation data for more hints on the Federal Reserve’s policy outlook. The Japanese government nominated Kazuo Ueda, a former BoJ policy board member and an academic at Kyoritsu […]
Read moreFebruary 7, 2023 9:41 am
AUD/USD rebounded from a one-month low on Tuesday, after the Reserve Bank of Australia lifted its cash rate to a new decade-high and stuck with guidance of further policy tightening. The RBA raised its cash rate by 25 basis points to 3.35% at its February policy meeting earlier on Tuesday, in line with market expectations. […]
Read moreJanuary 31, 2023 8:57 am
USD/JPY remained mostly steady on Tuesday, as market players were wary ahead of the Federal Reserve’s policy meeting outcome on Wednesday, which could provide hints if interest rates were nearing a peak. Trading was subdued on Tuesday, as two more central banks, Bank of England and the European Central Bank, are expected to announce their […]
Read moreJanuary 24, 2023 10:26 am
EUR/USD traded in proximity to a fresh nine-month peak on Tuesday, as market players were weighing the chances of US economy entering a recession against the Federal Reserve’s monetary policy outlook. Markets are now pricing two more 25 basis point rate hikes by the Federal Reserve this year and rates peaking at around 5% by […]
Read moreJanuary 17, 2023 9:30 am
USD/JPY traded in proximity to a seven-month trough on Tuesday, as market players awaited the outcome of the Bank of Japan’s two-day policy meeting to be concluded tomorrow. Speculation has emerged that the central bank could introduce a shift to or even end its yield curve control policy, as 10-year Japanese bond yields have been […]
Read moreJanuary 10, 2023 9:07 am
EUR/USD traded in proximity to a seven-month peak on Tuesday, as market players bet the Federal Reserve may be approaching the end of its interest rate hike cycle, while risk sentiment was additionally underpinned by China reopening its borders. The US Dollar Index was inching down 0.04% on the day to 103.135, after sliding to […]
Read moreJanuary 3, 2023 11:01 am
USD/JPY registered a fresh seven-month low on Tuesday, as the Japanese currency was underpinned by expectations that the Bank of Japan could exit its ultra-accommodative monetary policy. Last month, the BoJ introduced a shift in its policy, while allowing Japan’s 10-year government bond yields to move 50 basis points in either direction from the bank’s […]
Read moreDecember 20, 2022 9:50 am
USD/JPY registered a fresh four-month low on Tuesday, after Bank of Japan unexpectedly tweaked its yield curve control range, as it sought to ease some of the cost of prolonged ultra-accommodative monetary policy. The 10-year government bond yields will now be allowed to move 50 basis points in either direction from BoJ’s 0% target, compared […]
Read moreDecember 13, 2022 10:17 am
EUR/USD held mostly steady on Tuesday ahead of the release of US CPI inflation data, due out at 13:30 GMT, as well as the final Federal Reserve policy decision for the year. Annual core CPI inflation is expected to decelerate to 6.1% in November, while the headline CPI inflation is expected to slow down to […]
Read moreDecember 6, 2022 10:02 am
AUD/USD recouped part of yesterday’s losses on Tuesday, after the Reserve Bank of Australia lifted its cash rate to a decade-high and stuck with guidance of further policy tightening, while quashing any view it was nearing a hike pause. The RBA raised its cash rate by 25 basis points to 3.1% at its December policy […]
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