Weekly Economic & Financial Commentary: Inflation’s Bumpy Descent Continues

USDJPY dips below 150 support and is on track for clear break lower after the pair was hanging above this level for more than two weeks. Yen gained traction on signals may decide to start raising interest rates, with the most optimistic BOJ policymakers seeing chances for the first hike this month. On the other […]

The medium-term downtrend phase of USD/JPY in place since the 15 November 2023 high has reached a potential inflection level at 140.25. A potential countertrend corrective rebound scenario may unfold next. Watch the first immediate resistance zone at 142.85/143.40. The price actions of USD/JPY have plummeted lower as highlighted in our prior report despite the […]

US inflation data was the centre of attention this week for financial markets, as price pressures remain elevated. Monthly core CPI inflation of 0.4% for the second consecutive month is too high for the Fed as strong wage growth pushes service prices higher at an annualised 7% pace. Markets zigzagged somewhat on the release but […]