EUR/USD 1.18003
0.031%
Gold 5178.80
-0.108%
Oil 66.334
1.445%
USD/JPY 155.982
-0.094%
GBP/USD 1.34797
-0.022%
GBP/JPY 210.263
-0.107%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 27 – U.S. Ambassador Mike Huckabee stated in an email to the U.S. mission on Friday that, given the looming threat of a U.S. attack on Iran, the U.S. Embassy in Israel has informed its staff that they may leave Israel, warning them that they must leave immediately if they wish. This move was made after an overnight meeting and phone conversations, based on “a high degree of caution” and dialogue with the State Department, in which officials agreed that the safety of embassy staff was a top priority. Huckabee emphasized that those who wish to leave “should leave today.” He urged them to look for flights from Ben Gurion Airport to any destination where they could book tickets, adding that the embassy’s move “is likely to cause a surge in demand for tickets today.”Italys non-EU trade balance was €2.124 billion in January, compared with €8.39 billion in the previous month.Japans Ministry of Finance: From January 29 to February 25, Japans foreign exchange intervention amounted to 0 yen.Fitch maintains Lenovos "BBB" rating; outlook stable.February 27th - UK government bond yields fell as markets anticipated the Office for Budget Responsibility (OBR) would announce next Tuesday a reduction in bond supply for the current fiscal year, with further cuts expected in the 2027 fiscal year. XTB analyst Catherine Brooks stated in a report, "Rumors suggest next weeks spring statement could lead the OBR to lower its bond issuance forecasts for this year, given the strong tax revenue at the start of the year." The ruling Labour Partys defeat in special regional elections has raised concerns about a potential challenge to Prime Minister Starmers leadership.

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