JPY steady, fading modest CPI-driven gains – Scotiabank
Source Fxstreet
The Japanese Yen (JPY) is entering Friday’s NA session flat vs. the US Dollar (USD), having faded the modest gains that had surrounded the overnight release of national CPI figures, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Inflation supports hawkish BoJ
"While the headline print was in line with expectations at 3.5% y/y, the core measures surprised modestly to the upside. The release ultimately provides confirmation to a hawkish-leaning BoJ and offers little in terms of altering our expectations for fundamental, policy-driven JPY strength."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Despite signs of improving momentum, with RSI climbing and EMA lines hinting at a potential breakout, ETH continues to lag behind competitors like Solana in multiple metrics.
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent gains and trading around 98.70 during the Asian hours on Wednesday.
Gold price (XAU/USD) attracts some dip-buying during the Asian session on Thursday and recovers a part of the previous day's losses to the $3,363-3,362 area, or the weekly trough.
Related Instrument
