Monthly Archives: November 2024
41654156156Yen Extend Gains on Upbeat Japan CPI
Written on November 29, 2024 at 2:14 am, by pumarketings
Fundamental Analysis * Japanese Yen Bullish Trend Continues? The Japanese yen continued to strengthen as robust inflation data fueled speculation of a near-term interest rate hike. The Tokyo Consumer Price Index (CPI) for November surged to 2.6%, up from 1.8% in October, while the core CPI (excluding fresh food and energy) climbed to 2.2%, surpassingContinue Reading
Gold Decline on Easing Geopolitical Tension
Written on November 28, 2024 at 5:11 am, by pumarketings
Market Summary The U.S. Personal Consumption Expenditures (PCE) report, released yesterday, met market expectations but failed to deliver any surprises, resulting in continued weakness in the U.S. dollar. Simultaneously, long-term Treasury yields fell to their lowest levels in November. In contrast, the Japanese yen and euro emerged as the strongest currencies amid the dollar’s decline.Continue Reading
Yen Strengthens on BoJ Speculation
Written on November 28, 2024 at 3:14 am, by pumarketings
Fundamental Analysis * Hawkish Expectations from the BoJ? The Japanese Yen has strengthened to a three-week high against both the U.S. Dollar and Pound Sterling as markets anticipate tighter monetary policy from the Bank of Japan (BoJ). Prime Minister Shigeru Ishiba’s push for significant wage increases during the upcoming “Shuntō” negotiations has heightened inflationary concerns,Continue Reading
