Following yesterday’s US CPI, today we will examine US retail sales, etc.
Yesterday, the consumer price index (CPI), a US economic indicator that has attracted a lot of attention, was announced. The result was +6.4% from the previous year, a slight decrease from the previous value, but exceeded market expectations. Market reaction fluctuated wildly, but in the end, there is a history of calming down to a […]
The US CPI was 6.4%, compared to the expected 6.2%
The US CPI was 6.4%, compared to the expected 6.2%. While higher than expected, it is lower than last month’s 6.5%, a middling figure and the USD has been volatile. However, if anything, it is assumed that it will gradually lean toward USD selling because it is lower than the previous month.
Focusing on the US consumer price index, there is also a view that it will exceed expectations
Today’s focus is on the US consumer price index. For the recent dollar-yen exchange rate, the proposal for the next Chief Executive and Vice Governor of the Bank of Japan centered on Mr. Ueda has provided a topic, but it seems that the proposal to the Diet today has settled down. Recently, the yen’s depreciation […]
Even after the beginning of the week, when the yen is gradually depreciating, it is important not to let your guard down due to tomorrow’s release of the US consumer price index.
The beginning of the week started with a gradual depreciation of the yen. The biggest topic for the yen exchange rate is the appointment of the next governor of the Bank of Japan, and the government will formally present a personnel proposal to the Diet tomorrow. At the end of last week, it was reported […]
Exploring the whereabouts of the US recession
In the US Treasury market, the reversal of long-term and short-term interest rate spreads has become even more serious, and there is deep-rooted concern about an economic recession. 2-year and 10-year bond yields are at their highest since the early 1980s. US Federal Reserve Board (FRB) high-ranking officials’ hawkish remarks strengthened speculation that interest rate […]
Buying pressure on the yen, uncertainty over Mr. Ueda, and stock price declines ahead of the weekend
Both the dollar-yen and the cross-yen traded with heavy topsides during the London lunch hour. After Ueda’s appointment as the new governor of the Bank of Japan, which became a hot topic on the day, the yen exchange rate rose sharply, and then the exchange rate returned sharply. Deputy Governor Amamiya, who was considered a […]
The government will make adjustments to present the BOJ Governor’s proposal to the Diet on the 14th = TBS
Towards 2014, it is assumed that the movements of the Japanese yen will become even more active. Currently, yen-buying is becoming stronger.
Yesterday’s remarks by Powell were well-balanced, and the price movements of the dollar market slowed down.
The interview with US Fed Chairman Jerome Powell, which attracted attention yesterday, seemed to have a good balance of strengths and weaknesses. As for inflation, he said that disinflation has started in the goods sector, and that he expects a significant drop in inflation this year. On the other hand, he indicated that he would […]
The Australian central bank raises interest rates by 0.25%, the highest level in 10 years Suggests additional tightening
The Reserve Bank of Australia (Central Bank) raised the official cash rate of the policy interest rate by 25 basis points (bp) to 3.35% on the 7th. It is the highest level in 10 years. He reiterated his view that more interest rate hikes would be needed, and struck a more hawkish tone than many […]
The series of events passed last week also has high yen-related market volatility.
In the foreign exchange market at the beginning of the week, the yen exchange rate has been turbulent. The unexpectedly strong result of last weekend’s US employment statistics led to a sharp rise in US bond yields and the dollar/yen pair climbed from the 128 yen level to the 131 yen level at the end […]