Yen buying resumed CPI did not slow down unexpectedly, speculation about revising BOJ policy resurfaced, USD/JPY weakened to the 133.70 level
As the CPI did not slow down unexpectedly, speculation about the Bank of Japan’s policy revision resurfaced, leading to yen buying. However, it is unlikely that the Bank of Japan will make any changes to the YCC at next weekend’s meeting. Bank of Japan Governor Ueda has indicated that inflation is likely to ease […]
The direction of the dollar market is confused, carefully check the indicators
The direction of the dollar exchange rate is confused this week. The trend of dollar depreciation since March has come to a halt, and the exchange rate alternates between dollar appreciation and depreciation on a daily basis. The dollar index flow has stagnated and is converging at the 10+21 day line. The US FOMC’s interest […]
The Philadelphia Fed Index is affected by the decline in price items
In April, the Philadelphia Fed Business Conditions Index dropped more than expected to -31.3. By item, the decrease in purchase price and sales price is conspicuous. Arrival delays and inventory levels have also fallen from the previous time. On the other hand, new orders, shipments, backlog of orders, number of employees, average weekly working […]
The market’s outlook for US interest rates is settling down, and I would like a hint from the British and European Central Bank
The downward trend in the dollar exchange rate has eased this week. The background is that the US FOMC in May is expected to raise interest rates by 25bp. In addition, there are speculations of an additional interest rate hike of around 30% at the June FOMC. However, that view has stabilized over the […]
Due to the chaotic flow of the dollar market and the uncertain outlook for US interest rates after June
The dollar exchange rate was strong from the end of last week to the beginning of the week, but the dollar was weak yesterday. And the dollar is once again on the rise. Although the trend since March is still pointing toward a weaker dollar, the momentum has slowed recently. Regarding the US FOMC […]
Last week, the U.S. interest rate hike in May was solidified, but uncertainty remains about the future
In response to last week’s series of US economic statistics and the results of US financial institutions, there is a near consensus in the market that the next US FOMC meeting in May will raise interest rates by 25 basis points at about 80%. The focus of the market seems to be gradually shifting to […]
Check the continuation of the weak dollar trend for next week, today’s US retail sales, etc.
This week will be a week in which the release of US economic statistics will be the center of attention. The US consumer price index and the US producer price index headline numbers have slowed further, putting pressure on the dollar to sell. The market consensus is that the FOMC will raise interest rates […]
Reacting to dollar selling, EUR/USD temporarily leveled at 1.1043 due to slowdown in US PPI growth
The March rice producer price index (PPI) was +2.7% year-on-year, falling short of market expectations of +3.0%. The previous value was revised upward from +4.6% to +4.9%. Excluding food and energy, the year-on-year growth rate was +3.4%, in line with market expectations, and the previous rate was revised upward from +4.4% to +4.8%. The […]
Passed the US consumer price index, dollar selling prevailed in the exchange rate
The March US consumer price index announced yesterday was +5.0% year-on-year, slowing down significantly from the previous +6.0%. As the price fell below market expectations, the currency market strengthened the reaction to sell the dollar. However, the core year-on-year rate of increase was +5.6%, up from +5.5% in the previous survey, in line with market […]
The focus of the US consumer price index market is on the core index
The US consumer price index (CPI) for March will be announced today. It is a notable indicator that is almost decisive for the interest rate outlook of the US FOMC in May. According to the market forecast in advance, the year-on-year growth is expected to slow down sharply from +6.0% in the previous year […]