Yearly Archives: 2024
41654156156Japanese Yen Strong on Heighten Likelihood of BoJ Rate Hike
Written on November 29, 2024 at 5:40 am, by pumarketings
Market Summary The Japanese yen strengthened further following an upbeat Tokyo CPI reading above 2%, reinforcing expectations of a potential BoJ rate hike. USD/JPY fell below the 150 level as market sentiment shifted. Meanwhile, the dollar remained subdued after Wednesday’s PCE report, with the Dollar Index retreating from the 106 mark, reflecting expectations of steadyContinue Reading
Yen 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
