Dollar extended its rebound as North American trading got underway, gaining further momentum following Wednesday’s hawkish Fed rate cut. The greenback’s strength came as markets continued to digest the Fed’s divided decision and Chair Jerome Powell’s pushback against expectations for another cut in December. U.S. Treasury yields also climbed, with the 10-year yield breaking above […]
Yen rebounded notably today while Nikkei 225 cooled from its record highs, as investors took profits following a smooth meeting between U.S. President Donald Trump and Japan’s new Prime Minister Sanae Takaichi. The summit concluded with the signing of two new agreements that reaffirm the deep strategic and economic partnership between the two allies, while
A powerful risk-on wave swept through Asian markets at the start of the week, propelling commodity currencies higher as equities across Japan and South Korea surged record while China jumped to decade highs. The mood reflected growing conviction that the U.S.–China trade conflict is entering a phase of lasting calm. Following a “very good two-day
Global markets resumed their risk-on momentum last week, buoyed by softer U.S. inflation data, easing political uncertainty, and renewed optimism over global trade. In the U.S., both DOW and S&P 500 climbed to fresh record highs after September CPI figures came in below expectations, cementing confidence that the Fed remains on track to deliver two
Japan’s leading index increased less than estimated in August to the highest level in five months, the latest data from the Cabinet Office showed on Friday. The leading index, which measures future economic activity, rose to 107.0 in August from 106.1 in the previous month. The flash score was 107.4. Meanwhile, the coincident index weakened
Overall consumer prices in Japan were up 2.9 percent on year in September, the Ministry of Internal Affairs and Communication said on Friday. That was in line with expectations and up from 2.7 percent in August. On a monthly basis, inflation was up 0.1 percent – steady from the August reading. Core CPI also rose
Japan posted a merchandise trade deficit of 234.62 billion yen in September, the Ministry of Finance said on Wednesday. That was well shy of expectations for a surplus of 22.0 billion yen following the 242.6 billion yen shortfall in August. Exports were up 4.2 percent on year at 9.413 trillion yen, missing forecasts for an
Canadian Dollar climbed across the board as markets enter into U.S. session, leading major currencies higher after domestic inflation data came in hotter than expected. Combined with this month’s firm employment figures, the data have made the case for a rate cut at the October 29 meeting a close call. While the BoC maintain an
Risk appetite swept across Asian markets today, lifting equities to fresh records as political clarity in Japan and trade optimism across the region buoyed investor confidence. Nikkei 225 surged to another all-time high after the Liberal Democratic Party’s Sanae Takaichi won 237 of 465 votes in the lower house, securing her position as Japan’s next
Global markets traded with a mildly positive tone as investors entered the U.S. session on Monday, buoyed by some optimism that the prolonged government shutdown could end within days. U.S. top White House economic adviser Kevin Hassett said on CNBC that a resolution was “likely to end sometime this week,” citing signals from the Senate
Asian equities advanced today, led by the sharp rally in Japan where Nikkei hit record highs after political uncertainty finally cleared. The ruling Liberal Democratic Party struck a coalition agreement with the Japan Innovation Party, ensuring LDP leader Sanae Takaichi will become Japan’s first female prime minister. Investors cheered the prospect of a stable government
Japan’s industrial production declined more than initially estimated in August, final data from the Ministry of Economy, Trade and Industry showed on Wednesday. Industrial production dropped 1.5 percent month-on-month in August, following a 1.2 percent decrease in July. In the initial estimate, industrial output showed a stable contraction of 1.2 percent. Inventories fell 1.0 percent
Producer prices in Japan were up 0.3 percent on month in September, the Bank of Japan said on Friday. That exceeded expectations for an increase of 0.1 percent following the 0.2 percent contraction in August. On a yearly basis, producer prices climbed 2.7 percent – again topping forecasts for 2.5 percent but unchanged from the
Hedge funds switch yen bets after Japan election shock – FX Markets Skip to main content End of drawer navigation content Takaichi victory forces unwinds and a move to topside trades, while barriers give dealers a headache The surprise outcome of the Japanese election has led to a U-turn among many macro hedge funds that
Japan’s machine tool orders increased for the third straight month in September, preliminary data from the Japan Machine Tool Builders Association, or JMTBA, showed on Thursday. Machine tool orders climbed 9.9 percent annually in September, faster than the 8.5 percent rise in the previous month. Foreign orders logged a double-digit growth of 13.3 percent from
A measure of the public assessment of the current situation of the Japanese economy improved further in September to the highest level in eight months, survey data from the Cabinet Office showed on Wednesday. The current conditions index of the Economy Watchers’ Survey rose to 47.1 in September from 46.7 in August. The expected score was 47.0.
Japan posted a current account surplus of 3.776 trillion yen in August, the Ministry of Finance said on Wednesday – down 4.8 percent on year. That beat forecasts for a surplus of 3.540 trillion yen and was up from 2.684 trillion yen in July. Imports were down 6.0 percent on year to 8.253 trillion yen
