Canadian Dollar Surges on Unexpected Inflation Rebound in May

Yen’s pull back continues today despite more positive news on wages negotiations in Japan. Remarkably, the currency has undone its gains from last week against all major counterparts, barring the even more beleaguered New Zealand Dollar. Expectations are still leaning towards an imminent interest rate hike by BoJ; however, speculation is rife that the central […]

Yen weakens mildly in Asian session today, contrasting with Nikkei’s continued up trend towards historical high made in 1990. This development comes amidst diminishing impacts of Japanese officials’ verbal interventions aimed at stemming Yen’s decline. Without tangible policy measures to back these statements, the currency’s depreciation has persisted. Meanwhile, Finance Minister Shunichi Suzuki’s tone has […]

The forex markets have started the week on a subdued note, typical of a Monday morning in Asia, particularly with Japan on holiday. Yen remains in a consolidation phase, holding steady after its recent gains and staying as the strongest currency this month so far. Swiss Franc is not far behind, ranking as the second. […]