Bets on rising consumer prices in Japan have depressed inflation-adjusted bond yields, thereby weakening the bond’s support for the yen. An important indicator for gauging the market’s expectations of future price increases – the 10-year breakeven inflation rate – soared this week to its highest level since records began in 2004. Inflation rate rose to […]
Forecasters have warned that the US dollar could face a “triple whammy” in the coming weeks, which could exacerbate its already weak seasonal performance. According to Standard Bank, the US dollar could be hit if the Supreme Court rules that tariffs are illegal and if Kevin Hassett, director of the White House National Economic Council, […]
On Monday, cryptocurrency prices plunged again, leading to the liquidation of nearly $1 billion in leveraged cryptocurrency positions, which gave new impetus to the large-scale sell-off. Bitcoin once dropped 8% in New York to $83,824, with a cumulative decline of nearly 30% since early October. Ethereum also once fell 10% to $2,719, having dropped 36% […]
Bank of Japan Governor Kikuo Iwata has given the clearest indication so far that the central bank’s policy board may raise interest rates soon, and stressed the possibility of the BOJ taking action at its December meeting. Bank of Japan Governor Masaaki Shirakawa said in a speech to local business leaders in Nagoya on Monday […]
Morgan Stanley has downgraded its bullish rating on the pound and pointed out that there may be no positive factors for the pound in the near future. Although the pound might rebound briefly against the dollar after the UK budget on Wednesday, several strategists, including David Adams, said in a note on Thursday that the […]
Australia’s core inflation rate in October was stronger than expected, suggesting that the Reserve Bank of Australia will remain on hold to assess whether the economy is overheating. The closely watched trimmed mean consumer price index, which strips out volatile items, rose 3.3% year-on-year, official data showed on Wednesday. The increase, which was above the […]
Gold prices steadied after a sharp rise in the previous trading session as market confidence in a US interest rate cut next month strengthened. Gold prices rose nearly 2% on Monday and are currently trading at around $4,135 per ounce. This rally was mainly driven by remarks from Federal Reserve Governor Christopher Waller, who suggested […]
The Australian dollar against the New Zealand dollar exchange rate may have peaked as analysts predict that the Reserve Bank of New Zealand will temper its dovish stance after the expected interest rate cut this week. Strategists at New Zealand bank and National Australia Bank said that the Australian dollar against the New Zealand dollar […]
After the Japanese yen’s exchange rate dropped to its lowest level in nearly 10 months, Junko Nakagawa, a member of the Bank of Japan’s board of directors, pointed out that it is necessary to normalize the exchange rate, hinting that an interest rate hike might occur as early as next month. “Given that the real […]
According to a survey by Bank of America, global investors say the Japanese yen is expected to outperform major currencies next year and predict that the yen will rebound after a tumultuous year, during which its return against the US dollar was the worst among all currencies. Of the approximately 170 fund managers surveyed by […]