EUR/USD
1.15191
0.152%
Gold
4316.66
1.384%
Oil
74.753
-0.254%
USD/JPY
160.581
-0.045%
GBP/USD
1.33137
0.158%
GBP/JPY
213.798
0.111%
Real-time News
Japanese Chief Cabinet Secretary Minoru Kihara: We will continue to closely monitor the financial markets.June 18th - According to the Washington Post Editorial Committee, the Federal Reserve kept interest rates unchanged, and newly appointed Chairman Warsh stated that the Fed under his leadership is unanimously and unequivocally committed to controlling inflation. This will be a long road, but he has passed his first major test since taking office. Furthermore, at his first meeting as chairman, Warsh ended the practice of issuing forward guidance, but the Fed still released a dot plot. The latest dot plot shows that nine members expect a rate hike before the end of the year, eight expect no change, and one expects a rate cut. Warsh himself did not submit his own forecast. His reasoning was that the market should price based on how investors interpret real-time economic data, not on what the Fed might do. He joked that all forecasts were submitted in pencil and could be erased and rewritten at any time before the Board meets again in six weeks. Warsh faces a tricky balancing act: demonstrating the central banks independence while avoiding angering Trump, who just nominated him for a four-year term. Trump has made no secret of his desire for rate cuts, but recently stated that Warsh should "do whatever he wants." Walsh declined to answer whether he had spoken with Trump since taking office. The real test of his independence will come in the coming months.The yield on Japans 20-year government bonds rose 1.5 basis points to 3.510%.Japanese Chief Cabinet Secretary Minoru Kihara: We will closely monitor market dynamics and guide economic and fiscal policies as appropriate.Japanese Chief Cabinet Secretary Minoru Kihara: The impact of the weak yen must be fully considered.
