EUR/USD 1.16220
-0.361%
Gold 4468.68
-1.688%
Oil 92.863
6.631%
USD/JPY 159.654
0.250%
GBP/USD 1.34509
-0.120%
GBP/JPY 214.754
0.130%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Nikkei: BlackRock will acquire a 15% stake in the Japanese taxi app GO.The German DAX 30 index closed down 90.74 points, or 0.36%, at 25,022.32 on Monday, June 1st; the UK FTSE 100 index closed down 69.45 points, or 0.67%, at 10,339.83 on Monday, June 1st; and the French CAC 40 index closed down 36.75 points, or 0.45%, at 8,146.59 on Monday, June 1st; European The Stoxx 50 index closed down 16.18 points, or 0.27%, at 6034.36 on Monday, June 1; the Spanish IBEX 35 index closed down 178.44 points, or 0.97%, at 18189.86 on Monday, June 1; and the Italian FTSE MIB index closed down 255.25 points, or 0.51%, at 49781.50 on Monday, June 1.Iranian Foreign Ministry: The Iranian Foreign Minister spoke with the Turkish Foreign Minister to discuss and exchange views on the latest situation in the region.Iranian Foreign Ministry: The Iranian Foreign Minister and the French Foreign Minister spoke by phone to discuss and consult on the latest regional developments.June 1st - Three sources say OPEC+ oil-producing countries are likely to agree to further increase crude oil production quotas in July at their meeting on Sunday. However, the war with Iran has so far prevented some countries from meeting their previous production increase targets. A further increase in production quotas would indicate that the organization is gradually returning to normal operations, despite disruptions caused by the blockade of the Strait of Hormuz and the unexpected withdrawal of the UAE in May. According to the sources, OPEC+ is expected to increase production by approximately 188,000 barrels per day in July, the same increase agreed upon in June, which was previously revised down from 206,000 barrels per day due to the UAEs withdrawal.

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