EUR/USD 1.16247
0.000%
Gold 4540.56
-0.068%
Oil 98.556
0.297%
USD/JPY 158.894
-0.016%
GBP/USD 1.34313
-0.026%
GBP/JPY 213.421
-0.039%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japanese Finance Ministry officials said that Japans crude oil imports in April saw the largest year-on-year decline since 1980.Japans Ministry of Finance: Japans exports to the United States rose 9.5% year-on-year in April, exports to Asia rose 16.1% year-on-year, and exports to the European Union rose 26.9% year-on-year.Japans seasonally adjusted merchandise trade balance for April was 236.4 billion yen, compared to a forecast of -200.2 billion yen and a previous reading of 90.7 billion yen.On May 21st, according to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) closed lower on Wednesday, with the benchmark contract down 1%, mainly due to a sharp drop in international crude oil futures. International crude oil futures fell sharply on Wednesday after Trump claimed that negotiations with Iran had entered the final stage, though he did not provide details. Since soybean oil is a key feedstock for biofuel production, oil prices influence the soybean and soybean oil markets. Analysts say that Chicago soybean oil futures have risen more than 50% so far in 2026, a price that is actually unfavorable in the global vegetable oil market, but at $0.75 per pound, it still makes it profitable for biofuel production. S&Ps assessment data shows that the break-even point for biodiesel producers in the U.S. Midwest is $0.89 per pound, while the break-even point for renewable fuel producers in California is $0.91 per pound.Futures News, May 21st - According to foreign media reports, Chicago Board of Trade (CBOT) corn futures closed lower on Wednesday, with the benchmark contract down 1.9%, mainly reflecting a decline in international crude oil futures and generally favorable weather conditions in the Midwest. President Trumps statement that negotiations for a peace agreement between the US and Iran have entered the final stage prompted the grain market to give back its risk premium. AgResource stated that although the prospects for peace remain uncertain, hopes for the reopening of the Strait of Hormuz triggered some selling. According to the National Oceanic and Atmospheric Administration (NOAA) 72-hour cumulative precipitation map, most of the Corn Belt is likely to receive rain from Thursday through Sunday, with some areas potentially receiving less than 0.1 inches of rain, while other areas could receive 2 inches or more.

USD/JPY falls to 146.00 as the DXY weakens and interest in BOJ policy rises

Alina Haynes

Oct 27, 2022 15:28

 截屏2022-10-27 上午10.02.34.png

 

During the Asian session, in response to negative signals from the US dollar index, the USD/JPY pair plunged below 146.00. (DXY). Following Wednesday's low of 146.22, the asset's two-day downward trend has extended. The main index is reaching the bottom of Monday's knee-jerk reaction near 145.77 as it continues to decline.

 

The dollar bears are facing a severe sell-off due to the positive market sentiment. The risk-sensitive currencies have benefited from an increase in risk appetite. The US dollar index (DXY) has struck a new monthly low of 109.56 and is anticipated to stay volatile until the release of crucial US economic data.

 

The increased demand for U.S. government bonds has resulted in a decline in yields. This is due to the global markets' increased confidence. The yield on 10-year United States Treasury notes has decreased to 4%.

 

According to estimates, the Gross Domestic Product of the United States expanded by 2.4% in the third quarter. Despite the ultra-hawkish monetary policies of the Federal Reserve (Fed) and the previously disclosed 0.6% fall in growth, forecasts indicate a positive growth rate.

 

In addition, US Durable Goods Orders data will continue to be a key point. Compared to a reduction of 0.2%, it is projected that economic statistics will increase by 0.6%. Notable is the increase in core inflation, which includes oil and food prices. In spite of this, the predicted increase in demand for durable goods in the United States demonstrates healthy household demand.

 

Investors in Tokyo are anticipating the Bank of Japan's (BOJ) interest rate decision on Friday. In view of the shocks to foreign demand, BOJ Governor Haruhiko Kuroda will continue an ultra-loose monetary policy to stimulate the outlook for economic development. In addition, Japanese policymakers are anxious that the inflation rate could go below 2%; hence, an extremely liberal policy is the best alternative.

Suggestion