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Japan 5-year yields climb to the highest since April 2011 ahead of BoJ rate decision
Japan’s five-year bond yield rose to the highest level since April 2011 ahead of the Bank of Japan (BoJ) interest rate decision on Friday, per A Jiji. The yield advanced 2.5 basis points (bps) to 0.523% in the early Asian session on Friday. The Bank of Japan (BoJ) is expected to leave its short-term
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Pound Sterling moves higher on upbeat UK outlook, decline in US Dollar
The Pound Sterling rises to 1.2500 on multiple tailwinds. BoE Governor Andrew Bailey expects a sharp drop in April’s inflation. The US Dollar remains under pressure ahead of US Q1 GDP and core PCE Inflation data. The Pound Sterling (GBP) advances to near the psychological resistance of 1.2500 agains
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Japan’s Hayashi: Won't comment on forex levels or forex intervention
Japan’s Chief Cabinet Secretary Yishimasa Hayashi said on Thursday that he “won't comment on forex levels or forex intervention” but he “will be ready to take full response.” Additional comments Important for currencies to move in stable manner reflecting fundamentals. Rapid FX moves undesirable. Cl
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Forex Today: Cautious trade supported the Dollar ahead of US GDP
The Greenback regained composure and kept the recent optimism in the risk complex on check ahead of the publication of US GDP figures and inflation gauged by the PCE later in the week. Here is what you need to know on Thursday, April 25: The USD Index (DXY) managed to reclaim some ground lost and ap
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Why the Fed keeping rates higher for longer may not be such a bad thing
With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it's a tough case to sell that higher interest rates are having a substantially negative impact on the economy. So what if policymakers just decide to keep rates where they are fo
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GBP/USD outlook: Cable bounces after solid data/hawkish BoE
GBP/USD Cable bounces from new multi-month low on Tuesday, boosted by better than expected UK services PMI data and hawkish stance from BoE policymakers, who signaled that rate cut might be delayed, as the central bank sees too early cut more harmful than to start easing policy too late. Brightened
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EUR/USD consolidates losses with upside attempts capped below the 1.0700 area
The Euro remains contained above 1.0600 support yet with bullish attempts capped below 1.0690 The broader bias remains unchanged, with the pair on a bearish trend from early March highs near 1.1000. The diverging ECB - Fed monetary policy outlook is expected to keep the pair under pressure. Euro bea
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Morning briefing: The Dollar Index rose sharply above 106
The Dollar Index rose sharply above 106, contrary to seeing a fall towards 105 and it is now likely to head towards 106.5-107. Meanwhile, the Euro is expected to test the support at 1.06. EURJPY continues to trade within 165-162 region while USDJPY failed to sustain above 154.80 and can now decline
Pull-up Update