AlexanderCollins
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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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Nagel sees an ECB rate cut in June as increasingly likely
On Wednesday, Joachim Nagel, a policymaker at the European Central Bank, stated that a rate reduction for the institution appears to be becoming more probable for June. However, he also noted that certain components of the incoming inflation data still seem to be higher than desirable. "Underlying i
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Fed's Powell: High inflation to delay this year's rate cuts
Federal Reserve Chair Jerome Powell stated that a "lack of further progress" in controlling inflation means the central bank will likely refrain from reducing interest rates at its upcoming policy meeting just two weeks away, instead maintaining elevated interest rates for a prolonged period. Since
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New Zealand QoQ CPI inflation rises to 6.8% QoQ in Q1 vs. 0.6% expected
Inflation in New Zealand, as measured by the change in the Consumer Price Index (CPI), rose to 6.8% QoQ in the first quarter (Q1) of 2024 from 0.5% in the previous reading, Statistics New Zealand reported on Wednesday. The figure was above the market consensus of 0.6%. Annualized CPI inflation in Ne
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