The dollar market remains high, and this week’s US FOMC is likely to raise interest rates by 75bp
In the foreign exchange market at the beginning of the week, the dollar exchange rate remained high. The dollar/yen exchange rate was pushed down to around 142.65 at times, but is currently holding steady at the 143 yen level. After temporarily buying around 1.0029, the euro/dollar broke parity again and softened to the 0.9980 level. […]
Strong dollar movements even after passing the US FOMC minutes
Yesterday’s US FOMC meeting minutes are from when it was decided to raise interest rates by 0.75%. Strong measures to curb the current high inflation are advocated. Among them, the market reacted to words such as “recognition that the pace of interest rate hikes will slow down at some point, and recognition of the risk […]
Next to the US FOMC, what about the US second quarter GDP preliminary figures and recession concerns?
After passing the US FOMC, the US second quarter GDP preliminary figures will be announced today. Fed Chairman Jerome Powell toned down the hawkish tone, saying, “It is appropriate to curb rate hikes from a certain point in time,” and “it depends on the data whether to repeat unusually large rate hikes.” The market is […]
Today’s FOMC will be celebrated amid growing concerns about recession
If US monetary authorities bring a surprise to the bond market, it will give a clearer view of how much more policy rates should be raised to stabilize prices. The Federal Open Market Committee (FOMC), which announces the results on the 27th, raised interest rates by 75 basis points (bp, 1bp = 0.01%) for the […]
The dollar will continue to depreciate, or the US index will not be strong.
Recently, the dollar index has been on a downward trend. Following the sharp rise in the US consumer price index, the market has begun to factor in a 1.00% rate hike for the US FOMC. At this time, the dollar’s appreciation peaked out. There was also a symbolic phenomenon such as the Eurodollar parity cracking. […]
FOMC, 75bp rate hike-July is likely to be 75 or 50bp and Fed chairman
At a regular meeting held on the 14th and 15th, the US Federal Open Market Committee (FOMC) decided to raise the main policy interest rate by 75 basis points (bp, 1bp = 0.01%). This is the largest rate hike since 1994. Federal Reserve Chair Powell has suggested that the July meeting will also raise rates […]
Today is the US FOMC meeting, focusing on the pace of future rate hikes
The results of the US FOMC meeting will be announced today. The economist’s forecast in advance is that a rate hike of 0.50 percentage points is likely. However, in the money market, a larger 0.75 percentage point rate hike has been factored in by 96%. There is also a view that the rate will be […]
The market price at the beginning of the week ahead of the US FOMC, the dollar yen is in the 135 yen range. Is it a sense of accomplishment in the short term?
The dollar-yen pair was in the 135-yen range at the Tokyo market at the beginning of the week. After noon, there was a scene where the level temporarily exceeded the 135.19 level, which was the January 2002 high of 135.15 level. It was the highest level since October 1998. Recently, the dollar-yen pair is accelerating. […]
How is the sustainability of dollar selling after the US FOMC?
The US FOMC yesterday decided to raise interest rates by 0.5%. It was suggested that interest rates would be raised by 0.5% in June and July in the future. It was also announced that the balance sheet will be reduced in June. However, at the Powell press conference, a negative view was expressed regarding the […]
Can you see a more hawkish attitude that is difficult to move while waiting for the announcement of the results of the US FOMC?
In the NY market after this, the result of the US FOMC meeting, which is attracting attention, will be announced. Raising the policy interest rate by 0.5% has already been factored into the market. At the next meeting, some are expected to raise interest rates by 0.75%. Note the view of Chair Powell on this […]