Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari said during a panel discussion at the Aspen Ideas Festival 2026 in Aspen, Colorado, that he remains concerned about inflation in the service sector, while also noting some signs of improvement in the labor market.
Societe Generale strategists note USD/MXN has held key lows near 17.10 and is now trying to break out from a small base formation. Initial resistance is at the 200-day moving average around 17.80, with a recent low at 17.30 acting as support.
Volkmar Baur at Commerzbank highlights that Greater Tokyo inflation has edged up and is now just below 2%, a positive backdrop for the Japanese Yen. With limited second-round effects from Oil and signs of structural normalization, the Bank of Japan can keep normalizing policy.