The impact of Commissioner Takada’s surprise remarks continues, with the focus shifting to the PCE deflator in the United States today.
Commissioner Takada’s comments sparked a surge in yen buying, as market speculation about early negative interest rate removal increased due to statements like “While there is uncertainty, the realization of the 2% target seems to be finally foreseeable” and “It may be okay to lower the gear of monetary policy from very strong monetary easing.” […]
Weekend with Limited Catalysts, Watching U.S. Personal Income, Spending, and PCE Deflator
Today, both economic indicators and speaking events seem to have limited catalysts. In terms of economic indicators, during the London session, we will see French Consumer Confidence for October. During the New York session, we will have the release of Mexico’s Trade Balance for September, U.S. Personal Income and Spending for September, U.S. PCE […]
The USD/JPY pair has reached a key level of 140 yen, and there is a possibility of further upward movement.
This week, the trend of a stronger US dollar has intensified. Among the major currencies, there has been noticeable buying of the US dollar against Oceanic currencies such as the New Zealand dollar and the Australian dollar. Following that, the yen has been sold off. Although the USD/JPY exchange rate is still far from last […]
What is the PCE Core Deflator and What Forex Traders Need to Know
The U.S. PCE Core Deflator (Personal Consumption Expenditures Price Index) is an indicator that measures price changes related to consumer expenditures. This index is widely used by the U.S. Federal Reserve and serves as a key benchmark for setting price stability goals. The PCE Core Deflator excludes prices for food and energy from the overall […]