USD/JPY has risen above the 138 yen level driven by positive US initial jobless claims and the Philadelphia Fed Index.
The market has responded to the dollar buying pressure following the release of a series of US economic indicators, pushing USD/JPY above the 138 yen level. The May Philadelphia Fed Index improved to -10.4 from the previous reading of -31.3, surpassing market expectations. Additionally, initial jobless claims for the previous week decreased to 242,000 from […]
The market appears to be optimistic about the US debt ceiling issue, and today there is a meeting between the leaders of Japan and the United States.
US stocks showed a strong performance yesterday. The market seems to be optimistic about the US debt ceiling issue, which raised concerns about default. Both President Biden and McCarthy have shown confidence in avoiding default. President Biden is scheduled to hold a press conference on the 21st. Meanwhile, Japanese stocks continue to perform well, […]
Signs of a Dollar Buying Revival, with Solid U.S. Economic Statistics
Signs of a resurgence in dollar buying have recently been seen in price movements. The dollar index is showing signs of bottoming out, with the U.S. employment data again showing strength since the beginning of May, and the U.S. retail sales report released yesterday also indicating strong consumption. Although the rapid pace of U.S. interest […]
Attention on US Retail Sales
Major currencies are showing a lack of clear direction. Trading within a narrow range is expected to continue until the release of US retail sales data at 21:30. The previous two releases of US retail sales showed weakness, partly due to the increase in gasoline prices, but a solid recovery into positive territory is expected […]
As we approach the weekend, the market sentiment is expected to stabilize, and the US debt ceiling issue will be carried over to next week.
This week, along with the US financial instability concerns, the US debt ceiling issue has been in the spotlight. According to the latest reports, the meeting between President Biden and Republican House Speaker McCarthy, which was scheduled for the 11th to 12th, has been postponed to next week. It is reported that an agreement is […]
There are various factors to consider, such as the Bank of England’s monetary policy, US PPI, and the US debt ceiling issue.
Yesterday, the highly anticipated US Consumer Price Index (CPI) was released, showing a slight decrease from the previous reading at +4.9% YoY. The recently highlighted core CPI also indicated a slowdown. This led to a reaction in the foreign exchange market with the US dollar being sold off, accompanied by a decline in US bond […]
Focus on the US Consumer Price Index: Will Inflation Slow Down?
Today, the US Consumer Price Index for April will be announced. It is well known for its high market attention due to its timeliness as an inflation indicator in the US. In the current market, concerns about the US regional bank failures and sell-offs have subsided, and there is no excessive reaction to the […]
As the US Consumer Price Index announcement is due tomorrow, the market is likely to be driven by adjustments today.
Following yesterday, there are no significant economic indicators scheduled for release today. The market’s focus is on tomorrow’s US Consumer Price Index. Last week’s sharp decline in US regional bank stocks, which had disrupted the market, has shown signs of rebounding at the beginning of this week, indicating a temporary stabilization. Furthermore, the market reacted […]
London is on bank holiday for King Charles’ coronation, with a lack of market-moving news expected at the beginning of the week
Today, the UK observes a bank holiday for King Charles’ coronation ceremony. With few major economic indicators scheduled to be released in the US and Europe, the market is expected to adopt a wait-and-see attitude. Later in the overseas market, US wholesale inventories (final value) for March are scheduled to be released. Key financial […]
Risk aversion mood may continue into the weekend, US employment statistics to be released today
This week, policy interest rate announcements have followed one after another, with the US FOMC and the ECB Governing Council taking the stage. The FOMC raised interest rates by 25 basis points, suggesting a halt in future rate hikes, but stopped short of explicitly stating so. Hopes for an interest rate cut in the […]