BOE leaves bank rate unchanged at 3.75% in April meeting, as expected
Prior 3.75%Bank rate vote 0-8-1 vs 0-8-1 expected (Pill voted to raise bank rate by 25 bps)Statement details to follo ...
Dollar slides across the board after USD/JPY selling hits
USD/JPY is now down 1.6% to 157.60 and that marks about a 300 pips decline from when Japan finance minister Katayama ...
USD/JPY tumbles further after intervention warning earlier
It’s about a 100+ pips drop in around ten minutes. I wouldn’t pin this as actual intervention but it migh ...
Tokyo officials give currency traders one final offramp
From earlier:Japan’s Katayama: We are getting closer to taking decisive step in FX marketJapan’s top curr ...
BoE preview: will the central bank make another step towards a rate hike?
The Bank of England is expected to keep the Bank Rate unchanged at 3.75% today with one or two hawkish dissenters. At ...
Italy April preliminary CPI +2.8% vs +2.6% y/y expected
Prior +1.7%HICP +2.9% vs +2.5% y/y expectedPrior +1.6%More to come..
This article was written by Justin Low at in ...
Eurozone April preliminary CPI +3.0% vs +2.9% y/y expected
Prior +2.6%Core CPI +2.2% vs +2.2 y/y expectedPrior +2.3%Well, the headline reading is the highest since September 20 ...
Eurozone Q1 preliminary GDP +0.1% vs +0.2% q/q expected
Prior +0.2%GDP Y/Y +0.8% vs +0.9% expectedPrior +1.2%These lower than expected figures further complicate ECB’s ...
The ECB is stuck between a rock and a hard place
I don’t envy being in the ECB’s position right now. The central bank already had to pause on rate cuts du ...
Japan’s top currency diplomat issues final warning before action in FX market
No comment on FX levelIn close contact with our US counterpartClosely coordinating with US based on our FX agreement ...
Italy Q1 preliminary GDP +0.2% vs +0.1% q/q expected
Prior +0.3%More to come…
This article was written by Justin Low at investinglive.com.
Japan’s Katayama: We are getting closer to taking decisive step in FX market
Stronger verbal intervention sends the JPY higher. The 160.00 handle on USD/JPY is definitely the line in the sand fo ...