US Open – 12 September 2023 (Video)
Watch today’s US Open for insights on the hawkish remarks by the Bank of Japan governor, the hot UK employment report and more
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Watch today’s US Open for insights on the hawkish remarks by the Bank of Japan governor, the hot UK employment report and more
Total pay in the UK rose further as today’s data showed, which keeps pressure on the BoE for further tightening ahead of next week’s decision, but the pair fails to benefit
Over the weekend, in an interview with the Yomiuri newspaper, Bank of Japan Governor Ueda expressed that the BoJ might possess sufficient data by the end of the year to decide regarding the possibility of ending negative interest rates.
USD/JPY dropped and the 10-year bond yield rose after Bank of Japan Governor Ueda pointed towards an eventual exit form negative interest rates
Watch today’s US Open for insights on BoE governor Bailey dovish testimony, Bank of Canada rate hold after two straight hikes and Wall Street’s negative reaction to strong economic data
The Governor said yesterday that the central bank is now closer to peak rates, weighing on the pair, amidst broader USD demand
The Bank of Canada held rates at 5.0% on Wednesday, but the pair was little changed, maintaining its positive tilt ahead of the 2023 high
The spread between the US 10-year bond and 10-year Japanese Government bonds (JGBs) is a key driver of the USDJPY.
The pair slumped to 2023 lows after the Reserve Bank of Australia maintained rates at 4.1% yesterday, but catches a breath today as AU Q2 GDP came in better than expected
Watch today’s US Open for insights on the rate hold by the Australian central bank, demand for USD amidst cautious market sentiment and oil cuts extension by Saudi Arabia and Russia
The pair extends this month’s fall and threatens critical support, amidst broader USD strength and the contraction of the UK’s services sector in August
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