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Japan’s Hayashi: Won't rule out any options against excessive currency moves
Japan’s Chief Cabinet Secretary Yishimasa Hayashi said on Thursday, he “won't rule out any options against excessive currency moves.” On Wednesday, Hayashi said that he is “closely watching FX moves.” Related reads Japanese Yen edges lower against USD, languishes near Wednesday’s 34-year low BoJ’s S
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U.S. Dollar Declines As Investors Await Inflation Data
The U.S. dollar dropped against its most major counterparts in the New York session on Monday, as investors looked ahead to the release of key U.S. inflation reading this week for further clarity on the rate outlook. The PCE price index, which is the Fed's preferred measure of inflation, is due on F
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What Are the Forex Trading Basics with JRFX?
In the dynamic world of financial markets, Forex trading stands out as one of the most lucrative yet complex arenas. For those looking to venture into this realm, understanding the basics is crucial. In this article, we'll delve into the fundamental concepts of Forex trading with JRFX, guiding you t
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A still-weak JPY after the first rate hike should also motivate BoJ to hike further – Standard Chartered
The Japanese Yen (JPY) weakened on the same day as the BoJ’s rate hike. Economists at Standard Chartered note that the BoJ may draw confidence from observing the JPY’s movements. The JPY's current weakness is a double-edged sword Achieving JPY appreciation vs. the USD would require a narrower intere
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USD/JPY stretches lower to near 151.20 following the BoJ’s Meeting Minutes
USD/JPY extends losses on the likelihood of reaching the BoJ's inflation target. BoJ members discussed the potential implementation of measures if a positive cycle of wages and inflation is confirmed. The US Dollar could face challenges on expectations of the Fed’s initiating rate cuts from June. US
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WTI gains ground above the $81.00 mark on a weaker US Dollar
WTI gains ground near 81.00, adding 0.37% on the day. OPEC+ voluntary production cuts and the Middle East geopolitical tensions might lift WTI prices. Weaker economic growth in major countries might drag WTI prices lower. Western Texas Intermediate (WTI), the US crude oil benchmark, is trading aroun
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Russian Rouble to weaken steadily over the long term – Commerzbank
The Russian Central Bank (CBR) meets today. Economists at Commerzbank analyze Rouble’s (RUB) outlook ahead of the decision. No rate cut from CBR No (polled) analyst is expecting a change to the Russian Central Bank’s main rate from the current 16%. Needless to say: this rate decision does not influe
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