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Japanese Minister of Economy, Trade and Industry Yoji Muto: We have told the United States that tariff measures may hinder Japanese companies investment in the United States.Japanese Economy, Trade and Industry Minister Yoji Muto: We will consider various options to determine what is best for Japan.Japanese Minister of Economy, Trade and Industry Yoji Muto: We have told the United States that the tariff measures will be detrimental to both Japan and the United States.On April 3, Morningstar Information (MORN.N) released its 2024 financial report. The companys full-year revenue in 2024 was US$2.3 billion, an increase of 11.6% over the previous year; consolidated operating profit reached US$484.8 million, a year-on-year increase of 110.2%; cash flow from operating activities was US$591.6 million, a year-on-year increase of 87.0%; free cash flow reached US$448.9 million, a year-on-year increase of 127.5%. In terms of business, credit business is the main driving force for the companys revenue growth, achieving a 35.1% increase, and the adjusted operating profit margin rose to 26%, an increase of 15.9 percentage points over the previous year. In addition, in 2024, the companys investment management and consulting assets increased by 12.3% and 19.7% respectively over the previous year. At the same time, the companys investment advisory accounts achieved double-digit growth in 2024.Japanese Minister of Economy, Trade and Industry Yoji Muto: We are strongly concerned about whether the US tariff measures are in line with WTO agreements.

The USD/CHF exchange rate fluctuates at 0.94 prior to US five-year inflation projections

Alina Haynes

Dec 08, 2022 15:27

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During the Tokyo session, the USD/CHF pair is oscillating near the round-level barrier of 0.9400 as investors await the release of the United States' five-year consumer inflation forecasts for more direction. The Swiss franc is attempting to surpass the immediate resistance level of 0.9410, but the risk-on mentality stops the US Dollar from advancing further.

 

In the framework of the risk appetite theme, the US Dollar Index (DXY) is hitting resistance close to the significant level of 105.20. In the meantime, 10-year US Treasury yields have attempted to recover after falling to approximately 3.40 percent on Wednesday. The yield on long-term US Treasury bonds has rebounded to approximately 3.45%.

 

The growing unpredictability around the Federal Reserve's (Fed) policy outlook has caused market participants to feel anxious. As a result of favorable U.S. economic data, investors anticipate future rate hikes from the Federal Reserve to combat rising inflationary pressures. Moreover, it will compel a recession, as businesses will lower or maintain their current level of economic activity in response to rising interest liabilities.

 

At a Goldman Sachs financial conference, Bank of America (BoA) CEO Brian Moynihan informed investors that the United States economy will see "moderate contraction" in the first quarter of 2023.

 

Friday's release of US Consumer Inflation Expectations for the Next Five Years will continue to be closely monitored by investors.

 

Regarding the Swiss franc, investors are shifting their focus to the Swiss National Bank's (SNB) interest rate announcement scheduled for next week. As inflationary pressures are moderately over the target rate, it is predicted that SNB Chairman Thomas J. Jordan would continue to loosen monetary policy. This week, the Swiss Unemployment Rate fell to 2.1%, which is lower than the previous data of 2.0% and the consensus estimate of 2.2%.