USD/JPY Rises on Cautious Powell & Dovish Japan PM
The pair extends its recovery from the 2024 lows as Fed Chair Powell struck a more cautious tone around the pace of easing, while Japan’s new PM does not want further hikes
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The pair extends its recovery from the 2024 lows as Fed Chair Powell struck a more cautious tone around the pace of easing, while Japan’s new PM does not want further hikes
The pair remains under pressure as the third straight 0.25% move is no match for the Fed’s jumbo cut and aggressive easing path
The Australian central bank kept rates again at their 12-year highs and ruled out joining major peers in cutting them any time soon
The recovered from its 14-month lows after the Fed and BoJ policy decisions, but the policy differential remains unfavorable
Gold reached a new record high following stronger US inflation data and increased jobless claims, which bolstered expectations for a Federal Reserve rate cut. Central bank purchases and ongoing geopolitical tensions further supported gold's impressive 25% gain this year.
The pair runs its third losing month on unfavorable policy dynamics and starts the week with news lows as expectations for an outsized Fed pivot mount
The ECB slashed rates for second time but did not hint at any acceleration of its easing and the pair rose as markets expect aggressive cuts from its US counterpart
The pair is cautious at pivotal support cluster after a poor weekly start, as markets brace for Wednesday’s US inflation update and Thursday’s ECB rate decision
Despite the favorable monetary policy differential, USD/CAD dropped after the central bank of Canada lowered rates by 0.25%, while Friday’s US NFPs loom
The pair rebounded over the past few days, but today’s moderation in Swiss inflation is unable to add momentum
The pair trades with caution at multi-month highs as Australian CPI report came in hotter than anticipated, but also showed significant moderation
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