Yen continues to dominate the relatively quiet forex markets today, with USD/JPY slipping below the key 150 psychological. The move is largely fueled by rising speculation that BoJ may tighten policy again sooner than expected, a sentiment that’s also reflected in 10-year JGB yield’s rally to another 15-year high. While the base case for BoJ’s
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Yen volatility remains a key theme in Asian session today. Stronger-than-expected Japanese inflation data provided further justification for BoJ’s ongoing policy normalization, reinforcing speculation that the central bank may hike rates sooner than previously anticipated. However, Yen’s rally lost momentum after Japan’s 10-year JGB yield pulled back sharply. This dip in yield came after BoJ
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Trading is rather subdued in the forex markets today, with most major pairs and crosses stuck within yesterday’s range. Loonie failed to react to significantly stronger-than-expected retail sales data. Euro dipped earlier following weak PMI reports, but selling pressure quickly fizzled out. Yen saw some volatility during the Asian session, initially weakening alongside Japanese bond
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Geopolitical developments dominated global headlines last week, particularly surrounding peace negotiations over Russia’s invasion of Ukraine and evolving US-Ukraine relations. While US President Donald Trump’s tariffs took a backseat, concerns over their impact on consumer spending and economic growth resurfaced by the end of the week, triggering renewed risk aversion. Markets lacked clear direction for
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Ironing out the 2026 budget of the euro zone’s second-largest economy will prove a “demanding” task, French Economy Minister Eric Lombard told CNBC’s Charlotte Reed, after lawmakers earlier this month finally adopted 2025’s financial plan after a spate of tumultuous, government-toppling attempts. France has charted a trajectory to reduce its public deficit, aiming to reach
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Production at the VW plant in Emden. Sina Schuldt | Picture Alliance | Getty Images The struggling German economy has been a major talking point among critics of Chancellor Olaf Scholz’ government during the latest election campaign — but analysts warn a new leadership might not turn these tides. As voters prepare to head to
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In this article XYZ Follow your favorite stocksCREATE FREE ACCOUNT Jack Dorsey, CEO of Square, speaks on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021. Joe Raedle | Getty Images Block reported fourth-quarter results on Thursday that fell short
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In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT 2025 Rivian R1S. Rivian Rivian Automotive beat Wall Street’s fourth-quarter earnings expectations and achieved its first gross quarterly profit — a target closely watched by investors — but is forecasting lower sales in 2025. The electric vehicle maker reported a gross profit, which includes production
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In this article BABA Follow your favorite stocksCREATE FREE ACCOUNT The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares surged in Hong Kong Friday following stellar quarterly results, boosted by growth in the company’s cloud Intelligence and e-commerce segments. The
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