Forex Top Team

June FOMC Expected to Stay Unchanged, But Still Fluid Ahead of US Employment Data

Yesterday, market sentiment shifted towards a majority expectation of the June FOMC remaining unchanged. This change was in response to the support for holding off on rate hikes from a Jefferson Fed Board member and the President of the Philadelphia Federal Reserve, Harker. Prominent Fed watchers had also indicated a possibility of no rate hike. […]

U.S. Debt Ceiling Issue Reaches Resolution; U.K. and U.S. Markets Closed, Lack of Action

A compromise has been reached between the Biden administration and the Republican Party in Congress regarding the US debt ceiling issue over the weekend, providing some certainty about avoiding default. While there may still be some anticipated difficulties in persuading opposition members for congressional approval, the overall agreement has brought a sense of relief to […]

The USD buying response strengthens as the US PCE deflator and durable goods orders exceed expectations, pushing USD/JPY back to the 140 yen range.

Following a series of strong US economic indicators, the US dollar has surged along with rising US bond yields. The April US PCE deflator rose to +4.4% year-on-year, surpassing the previous +4.2% reading. The core deflator also increased to +4.7% year-on-year from the previous +4.6%. Both figures exceeded market expectations. Additionally, April’s durable goods orders […]

Dollar Buying Pressure Continues, Adding to Interest Rate Outlook and Risk Caution

Dollar buying pressure continues. The dollar has risen to the upper ¥139 level, approaching the ¥140 level. 70% of the market expects the U.S. FOMC to leave interest rates unchanged at the June meeting, with the remaining 30% of the market persistently expecting a rate hike. The U.S. monetary authorities have denied market speculation that […]

Despite the U.S. Debt Ceiling Issue, Markets Move on Policy Rate Observations

  The market is in an unstable situation. With the approaching X-day of the US debt ceiling on June 1st, market participants are closely watching the negotiations between the US government and the Republican Party. However, the market is reacting sensitively to inflation and policy rate trends in various countries while temporarily setting aside the […]

Without major economic indicators scheduled, market attention is turning towards reports and statements from central bankers and financial authorities.

With a lack of major economic indicators scheduled for today, market focus is shifting towards reports and statements from central bankers and financial authorities. The Eurozone Consumer Confidence Index (preliminary) for May is the only notable economic release on the calendar. The start of the week tends to have fewer economic statistics released for the […]