Forex Top Team

Today’s Focus: US PPI and Powell’s Speech, Potential for Further USD/JPY Rise

Today, attention is focused on materials from the United States. While the US Consumer Price Index (CPI) to be released tomorrow is the most anticipated economic statistic, the US Producer Price Index (PPI) will be released today as a prelude. The market expects the year-on-year PPI to rise slightly to +2.2% from the previous +2.1%. […]

Will the consolidation above the 150 yen mark for USD/JPY be established?

Today, attention is focused on whether the USD/JPY exchange rate will maintain the 150 yen range as we head into the weekend. In the Tokyo market, the Nikkei average showed movements approaching its all-time high. Bank of Japan Governor Kuroda reiterated comments similar to those from last week, stating that “even if negative interest rates […]

Waiting for US FOMC, check out Chairman Powell’s press conference

  Today, there is a focus on the US Federal Open Market Committee (FOMC). Following the release of the US Consumer Price Index (CPI) yesterday, over 90% of the market has already priced in a decision to keep rates unchanged in today’s meeting. However, given the resilience of the core index, rate hike expectations for […]