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US Housing Prices drop for 3rd consecutive month
Perhaps watching USD/JPY could give a clue as to where mortgage rates may be headed next!
USD/JPY: What’s next after government intervention for yen?
Can the yen fall more despite the government’s efforts?
USD/JPY dives but is government intervention effective?
Is the BoJ undoing the government’s attempt to shore up the yen?
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FOMC as expected; markets extremely volatile during presser.
As for other central bank meetings: within the next 20 hours markets will hear from the BOJ, SNB, Norges Bank, BOE, and SARB.
Implied volatility spikes, BOJ gets active ahead of FOMC
Rising yields ahead of the FOMC meeting has seen the BOJ announce bond purchases, and implied volatility has risen notably for the next 24-hours.
How to trade inflation?
With inflation remaining stubbornly elevated and fears of a recession rising, where are there still opportunities in the market?
BOJ can talk the talk, but can it walk the walk?
The BOJ meets next week. Watch for the central bank to use additional tools to try and strengthen the Yen.
Kuroda is likely rolling his eyes as USD/JPY taps 145
Another strong inflation report for the US prompted a sharp reversal across global markets overnight - in favour of the US dollar and yields, but to the detriment of commodities and indices.
US CPI comes in hotter than expected! Is a 75bps rate hike locked in?
US August CPI came in hotter than expected, but the bigger surprise was the strength in the Core CPI reading.
USD/JPY knocked from its perch as Kuroda jawbones the yen
Yen pairs were given a jolt ahead of the European open after BOJ Governor Kuroda made a few comments on currency movements.
USD/JPY taps 144, Oil breaks lower, BOC in focus
It’s been a relatively lively session for traders overnight which saw USD/JPY steam ahead above 144 and WTI hit a new cycle low. Next up we have the BOC meeting.
Two trades to watch: EUR/GBP, USD/JPY
EUR/GBP falls as new UK PM Liz Truss looks to tackle the energy crisis. USD/JPY rises to a 24 year high ahead of US ISM services PMI
US NFP close to expectations. Will it make a difference to the Fed?
There doesn’t appear to be anything that would sway the Fed’s rate decision for either a 50bps increase or a 75bps increase at the next meeting.
2 Trades to watch after Jackson Hole: EUR/USD, USD/JPY
The US dollar was the clear winner following Jerome Powell's Jackson Hole speech, and Wall Street the clear loser - with rates unlikely to come down any time soon.
European Open: US inflation and Powell’s Jackson Hole Speech in focus
Jerome Powell will be hoping that inflation data, released just 90 minutes before his Jackson Hole speech, softens as expected.
July housing data concludes on a mixed note; waiting on Jackson Hole
July housing data finished up this week with worse than expected New Home Sales and better than expected Pending Home Sales.
US PMI’s disappoint ahead of key inflation data and Jackson Hole
Whilst US PMI data disappointed, it’s not as though the economic deterioration we’re witnessing didn’t come without plenty of warning. And the upshot all this is that it's deflationary.
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Japan’s inflation hits a 7.5 year high – but will the BOJ act?
Inflation continues to rise in Japan, albeit at a much slower pace than its peers. But we don’t expect a rate hike any time soon.
Retail Sales data mixed ; USD/JPY continues higher
The July headline Retail Sales print was slightly weaker; however, the core print was stronger. Due to the mixed data, USD/JPY continued its overnight path higher as price broke out of a descending wedge.
USD/JPY heading to 130?
With the odds of 75 basis point hike having dropped, the Fed is careful not to push too hard against that...
Fed speakers out in force with more hawkish tone; USD/JPY
The correlation between USD/JPY and 10-year yields has come back in line and is almost in “strong” territory on the daily timeframe.
Japan data dump won’t help the Yen; USD/JPY
If the data dump later comes out as expected, will the BOJ turn less dovish? It's unlikely.
Two trades to watch: USD/JPY, FTSE
USD/JPY slips after BoJ minutes & ahead of US consumer confidence. FTSE rises with earnings, oil in focus.