USD/JPY Analysis: Rate Falls Below 140 Yen Per Dollar

Gold hit new record high early Wednesday ($2482), following acceleration through former top on Tuesday (metal was up 1.9% for the day, the biggest daily gain since Dec 13). Break above previous all-time high ($2450) signaled an end of corrective phase ($2450/$2286) and continuation of a larger uptrend. Growing expectations for September Fed rate cut, […]

Markets Main potential market movers already hit the screens this morning before the start of European dealings with the BOJ policy decision and the UK consumer data. The BOJ as expected left its policy rate unchanged at 0.25%, but communication on the timing of future rate hikes was more balanced than expected. The BOJ upgraded […]

The Bank of Canada maintained the overnight rate at 5.0%, while stating that it will continue with Quantitative Tightening (QT). In its quarterly Monetary Policy Report (MPR), the Bank upgraded its economic growth forecast, stating “this largely reflects both strong population growth and a recovery in spending by households. Residential investment is strengthening, responding to […]