Logo-color Logo-white

Yen’ decline resume today after release of Japan’s latest CPI data, which suggests that BoJ is not be under immediate pressure to exit its negative interest rate policy. . Economists have noted a crucial aspect of Japan’s inflation dynamics: while cost-push inflation is clearly easing, the transition to demand-pull inflation remains unconfirmed. The market’s attention […]

The post Yen’s Decline Persists Following Japan CPI Release, Dollar Upholds Its Lead appeared first on Action Forex.

previous

Dollar Rises on Jobless Claims, Fed Cut Expectations Continue to Shift

next

Sterling Sees Moderate Decline After Weak Retail Sales, Losses Contained

Read More

Risk Sentiment Revives on Strong US GDP, Euro Holds Its Ground Against Dollar Post-ECB
25/01/2024

Risk Sentiment Revives on Strong US GDP, Euro Holds Its Ground Against Dollar Post-ECB

Commodity currencies bounce in early US session, spurred by unexpectedly robust US GDP data that has invigorated stock futures. This surge in risk appetite is exerting some pressure on Dollar, although the impact remains relatively contained for the moment. The sustainability of this risk-on sentiment is still in question, which will be critical for the […]
Yen’s Struggle, Dollar’s Strength, and Sterling’s Anticipation
09/05/2024

Yen’s Struggle, Dollar’s Strength, and Sterling’s Anticipation

Yen continues to underperform as the worst for the week at this point, even in face of Japan’s verbal interventions. As Yen breached 155 mark against Dollar again, Japanese Finance Minister Shunichi Suzuki reiterated his concerns over the detrimental impacts of a weakening Yen and promised a “thorough response” in the forex markets. Despite these […]
Euro Wavers After ECB Holds Rates, Yen Dominates on Rate Hike Bets
07/03/2024

Euro Wavers After ECB Holds Rates, Yen Dominates on Rate Hike Bets

Euro dips notably following ECB’s decision to maintain interest rates unchanged, coupled with downward revision in its inflation forecast. Specifically, ECB now anticipates that headline inflation will return to its target by 2025 and drop below 2% in 2026. However, the common currency found some footing during President Christine Lagarde’s press conference. Lagarde highlighted ECB’s […]