As Investors Scale Back Fed Cut Bets, US CPI Data Enters the Spotlight

The USD/JPY pair has experienced a sharp decline, currently at 152.79, following decisive monetary policy adjustments by the Bank of Japan (BoJ). In a significant shift, the BoJ raised its interest rate to 0.25% per annum and unveiled plans to scale back monthly bond purchases to approximately 3 trillion yen by Q1 2026. Further interest […]

Cable extends strong fall into second consecutive day, remaining under increased pressure from stronger dollar after upbeat US labor data and relatively hawkish comments from Fed Chair Powell. Fresh extension lower on Monday cracked the floor of near-term range (1.2875/1.2596), with close below here to generate initial reversal signal, which will look for verification on […]

In focus today Focus today turns to euro area inflation for May which is due 11.00 CET. After German and Spanish headline HICP came in slightly stronger than consensus, we see slight risks of a topside surprise to the euro area headline HICP consensus of 2.5% y/y. We expect headline HICP to print 2.5-2.6% y/y. […]