AlexanderCollins
BOJ's Finance chief maintains stance on yen, no change in approach
On Thursday, the yen dropped below the 155 level against the dollar, which is regarded as a significant threshold by the authorities and increases the likelihood of currency intervention. "When pressed by an opposition lawmaker to intervene in the currency market, Finance Minister Shunichi Suzuki re
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BoE's Pill suggests rate cut not imminent, despite progress
On Tuesday, Huw Pill, Chief Economist at the Bank of England, remarked that while the passage of time and the absence of negative inflation news had brought interest rate cuts closer, they were still not imminent. Investors scaled back their expectations for a rate cut by the Bank of England in the
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New Zealand's annualized Trade Balance declines $-9.87 billion after a rise in MoM Exports
New Zealand's Trade Balance in NZD terms fell $-9.87 billion through the year ended in March, slightly less than the previous YoY period, which declined $-12.06 billion, a slight downside revision from the initial print of $-11.99 billion. New Zealand's Exports rose to a 10-month high of 6.5 billion
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BOJ will raise rates if trend inflation accelerates, says Gov Ueda
Bank of Japan Governor Kazuo Ueda stated on Tuesday that should there be an acceleration in trend inflation towards the 2% target, which aligns with the central bank's projection, the bank will proceed to increase interest rates once more. Ueda informed the parliament that altering monetary policy w
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AUD/JPY Price Analysis: Climbs as buyers regain control, target 100.00
AUD/JPY climbs sharply, approaching the key psychological level of 100.00, buoyed by renewed optimism in global markets. Technical analysis highlights potential resistance at the year-to-date high of 100.81, with further targets at 101.00. Key support levels identified at 99.65 and 99.20, with poten
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USD/JPY Price Analysis: Consolidates around 154.60 on Japanese intervention fears
USD/JPY recovers after hitting a four-day low, as Tehran’s non-retaliatory stance calms market fears. Consolidation near 155.00 under scrutiny, with Japanese officials wary of excessive forex volatility. Technical levels to watch: support at Tenkan-Sen 153.18, with further supports at 152.29 and 151
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Mexican Peso gets shot-down after Middle East tensions erupt
The Mexican Peso rips lower in a volatile sell-off after markets switch risk averse on geopolitical tensions. Israel purportedly retaliates against Iran, with explosions heard in the Iranian city of Isfahan. USD/MXN surges to just below 18.00 on the news but then retreats and settles in the 17.30s.
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NZD/JPY Price Analysis: Buyers dominance diminishes, market could favor sellers soon
The daily RSI shows that buyers' hold over the market is likely fading, signaling the growing presence of sellers. On the hourly chart, indicators underline a prominent seller command in the past sessions. The NZD/JPY is trading slightly lower at around 91.23. It seems the firm grip buyers had over
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