Bank of America revises JPY outlook amid U.S. labor data and Japan politics

Bank of America revises JPY outlook amid U.S. labor data and Japan politics
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Bank of America revises JPY outlook amid U.S. labor data and Japan politics
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The RBA kept the cash rate unchanged at 3.60%, a move widely expected by markets and decided unanimously by the Board. In the statement, policymakers said the decision reflected a balance between inflation risks and economic resilience, noting that Q3 CPI was “materially higher” than expected and that there was “recent evidence of more persistent…
In the overnight foreign exchange markets, the notable movement has been a decline in USD/JPY approaching 150, sparked by traders anticipating another interest rate increase from the Bank of Japan. It’s likely that USD/JPY will remain pressured today as we await tomorrow’s January CPI data from Japan. Additionally, we foresee a potential emergence of a…
Global February PMIs: Economy In Trouble? | Orbex XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
Friday incoming … Data: – Global equities traded cautiously higher as markets entered the final hours before the U.S. Federal Reserve rate decision. Positioning remained defensive, with most major indices fluctuating in narrow ranges as traders waited for policy guidance, inflation projections, and the Fed’s updated 2026 dot-plot. – U.S. equity futures were steady, reflecting…
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Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He…