USD/JPY sinks to two-month low amid softening US inflation, Fed rate hike speculations – by christianborjon USDJPY Currencies Majors
US inflation seems to be easing, with June’s Producer Price Index missing estimates and the previous month’s data. The Core PPI, excluding volatile items, also showed signs of weakening.
Japanese households expect higher inflation levels, averaging 10.5% for next year, well above the BoJ’s 2% target. Although the data would justify a pause on the Fed’s tightening cycle, money market futures think otherwise. According to the CME FedWatcth Tool, odds for a quarter of a percentage increase lie above 90%. Even though Fed Chair Jerome Powell and some of his colleagues expressed that “a couple” of increases are pending, investors pared those bets. That said, the Federal Funds Rate is expected to peak at 5.25%-5.50% for the remainder of the year.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
USD/JPY extends losing streak as investors see Fed’s interest rate peak soonerThe USD/JPY pair has continued its losing spell for the fifth trading session on Wednesday. The asset has perpendicularly dropped below the crucial su
Leer más »
USD/JPY stumbles to a one-month low as US CPI slows, US bond yields diveUSD/JPY sinks to new one-month lows after reaching 138.15 in the North American session after US Consumer Price Index (CPI) figures for June revealed
Leer más »
USD/JPY: Next on the downside emerges 139.00 – UOBIn the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, further decline could force USD/JPY to revisit the 139.00 zon
Leer más »
USD/JPY seen falling to around 124 by next June – UBSThe US Dollar has retreated recently against the Yen. Economists at UBS analyze USD/JPY outlook. Same set of conditions that caused the Yen to appreci
Leer más »
USD/JPY Price Analysis: Bears pause near 38.2% Fibo., US CPI eyed for fresh impetusUSD/JPY Price Analysis: Bears pause near 38.2% Fibo., US CPI eyed for fresh impetus – by hareshmenghani USDJPY Fed Inflation Technical Analysis Currencies
Leer más »
USD/JPY bears move in again and eye a test of critical support structure138.42 is a prior swing point on the daily chart that could prove to be a key level. On the upside, if there is an immediate correction, there is an a
Leer más »