USD/JPY is sensing exhaustion signals after hitting a high of 133.50. The impact of lower US CPI has faded away and hawkish Fed bets are hogging the limelight. The US Michigan CSI is expected to improve to 52.2 from the prior release of 51.5. The USD/JPY pair has slipped minutely after printing an intraday high… Read More »
EUR/JPY is declining gradually after failing to sustain above the critical hurdle of 137.00. The shared currency bulls are facing the heat as German Lindner has displayed a gloomy Eurozone outlook. Despite the prolonged ultra-loose monetary policy, the BOJ is failing to inflation rate above 2%. The EUR/JPY pair has slipped to near 136.85 after… Read More »
GBP/JPY is expected to report more losses after a downside move below 162.00. Vulnerable expectations for the UK economic data will keep the sterling bulls on the back foot. Japan’s cabinet re-shuffle is expected to result in a dramatic change in the Japanese yen on a broader basis. The GBP/JPY pair has dropped sharply after… Read More »
USD/JPY is witnessing a balanced profile above 135.00 as pre-inflation anxiety hit risk-impulse. The plain-vanilla US CPI may slip to 8.7% whereas the core CPI is expected to advance to 6.1%. Japan’s cabinets re-shuffle to keep the yen bulls on the tenterhooks. The USD/JPY pair is walking northwards briskly to recapture its two-week high at… Read More »
“The Bank of Japan (BOJ) expects prices to rise more quickly than officials had anticipated at their July meeting,” MNI reports, citing people familiar with the central bank’s thinking. But the sources added that the jump in inflation to 3% or higher later this year, however, will not be enough to prompt any shift in… Read More »
USD/JPY is likely to contain the immediate hurdle of 135.00 despite a subdued DXY. A spree of decline in the US inflation is desired to conclude policy tightening. BOJ policymakers are focusing on elevating Labor Cost to keep the inflation rate above 2%. The USD/JPY pair is eyeing a break above the immediate hurdle of… Read More »
USD/JPY is expected to witness more gains if the asset oversteps 135.50 decisively. Fed’s intention to elevate interest rates will remain intact despite lower US CPI print. The BOJ is committed to bringing pre-pandemic growth rates. The USD/JPY pair is addressing an inventory distribution phase after a perpendicular upside move from the critical support of… Read More »
GBP/JPY is expected to extend their gains above 163.50 on higher UK inflation expectations. The UK economic data comprising GDP, Industrial Production, and others are likely to remain downbeat. Japan’s Overall Household Spending improved to 3.5% vs. -0.5% and the expectations of 1.5%. The GBP/JPY pair has given an upside break of the consolidation formed… Read More »
USD/JPY is gearing up for a fresh bullish impulsive wave despite lower consensus for US CPI. The outstanding US NFP has infused fresh blood in Fed policymakers’ confidence. BOJ’s ultra-loose monetary policy will keep the yen bulls on a bumpy ride. The USD/JPY pair has turned sideways in the Asian session following the footprints of… Read More »
