EUR/USD: Who Controls the Financial Market ● It is clear that interest rates rule the markets, not only in terms of actual changes but also regarding expectations about the timing and magnitude of future changes. From spring 2022 to mid-2023, the focus was on raising rates; now, the expectation has shifted towards their reduction. Traders…
USD/JPY pulls back after markets’ risk-off tone generates safe-haven demand, benefiting the Yen. The BoJ might be considering reducing bond purchases at its June meeting according to rumors reported by Bloomberg. Such a move would raise Japanese bond yields and support the Yen – a negative for USD/JPY. USD/JPY falls to the 155.00 barrier on…
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The Japanese Corporate Services Price Index, a measure of input prices paid by corporations, rose to 2.8% for the year ended in April, compared to the previous month’s annualized 2.3%. April’s uptick in corporate inflation represents the highest rate of price growth impacting corporations since 2015. Market reaction USD/JPY is trading tightly on the bearish side…
EUR/USD: The Battle of Europe and US PMIs ● Overall, the past week favoured the dollar, but the advantage over the European currency was minimal. If you look at where the EUR/USD pair was on 15 May, it returned to this zone on 24 May, regaining the losses of recent days. Recall that the report…