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While Yen remains the weakest performer today, it has managed to recover part of its initial losses following the weekend’s inconclusive election. Investor sentiment stabilized somewhat on hopes that Japan’s Liberal Democratic Party could still secure a majority in the lower house through a coalition with Komeito and smaller parties. Reports suggest that the government […]

The post Yen Stabilizes Amid Political Speculation as Wage Growth Hits Record Levels appeared first on Action Forex.

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Yen Sees Mild Uptick Following Mixed CPI and PMIs, A Signal for Buyers’ Return?
24/11/2023

Yen Sees Mild Uptick Following Mixed CPI and PMIs, A Signal for Buyers’ Return?

Trading activity is rather subdued in Asian session today, with most major currency pairs and crosses hovering within yesterday’s range. Yen is showing a slight recovery, albeit in the context of mixed inflation and PMI data. While Japan’s core CPI remains persistently above BoJ’s target, the latest figures haven’t provided a strong impetus for the […]
Dollar Recovers as US Stock Rally Stalls, Import Prices Pose Challenge
16/05/2024

Dollar Recovers as US Stock Rally Stalls, Import Prices Pose Challenge

The strong rally in US stocks seen yesterday appears to lack follow-through momentum, with futures indicating a flat open today. The benchmark 10-year yield is fluctuating within a tight range, and Dollar is broadly recovering as selling momentum wanes. The strong increase in import prices serves as a reminder that, although disinflation in the US […]
Risk-On Sentiment Drives Asian Markets; Focus Shifts to SNB Rate Decision
26/09/2024

Risk-On Sentiment Drives Asian Markets; Focus Shifts to SNB Rate Decision

Asian markets are maintaining a risk-on tone today, despite the lackluster US market performance overnight. Sentiment remains buoyed by China’s recent monetary stimulus measures, even as doubts linger about their overall effectiveness due to the absence of significant fiscal support. Nevertheless, stocks in Hong Kong and China continue to trade higher. In Japan, Nikkei is […]