Dollar slips lower on economic worries; Fed meeting eyed

Key takeaways Japan 225 CFD Index rally: The Japan 225 CFD Index (Nikkei 225 proxy) reached an all-time high of 49,970 on optimism over PM Takaichi’s more than ¥13.9 trillion expansionary stimulus plan. Market pullback: The index declined 3.4% from its peak, suggesting investors had already priced in expectations of aggressive fiscal measures. Earnings momentum:…

Prior +2.2% HICP +2.4% vs +2.4% y/y prelim Prior +2.1% This article was written by Justin Low at investinglive.com. Source link

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USD/JPY’s fall from 158.86 continued last week but recovered after hitting 148.55. Initial bias remains neutral this week first. This decline is seen as the third leg of the corrective pattern from 161.94 high. Break of 148.55 will target 61.8% retracement of 139.57 to 158.86 at 146.32 next. On the upside, however, break of 150.92…

As the chart shows, Japan’s Nikkei 225 stock index (Japan 225 on FXOpen) today approached its historic peak (B) around the 43,900 level. Bullish sentiment was driven by political news. According to Reuters, Prime Minister Shigeru Ishiba has stepped down. The leading candidate to replace him, Sanae Takaichi, is regarded as a supporter of stimulus…