Rice accounts for just 0.62% of the Japanese consumer price index, Commerzbank's FX analyst Volkmar Baur notes. Inflation in Japan stands at 3.5% in May"However, given that rice prices have risen by over 100% in the past 12 months, this has had a … [Continue reading]
GBP/JPY falls below 196.00, trims recent gains following poor UK Retail Sales data
GBP/JPY pared daily gains as UK Retail Sales declined by 2.7% MoM in May, worse than the expected 0.5% drop.The currency cross receives support from reports suggesting an easing of the US aggression on Iran.The Japanese Yen struggles due to ongoing … [Continue reading]
Japanese Yen struggles to capitalize on domestic inflation data-inspired uptick
The Japanese Yen attracts some buyers as strong domestic CPI reaffirms BoJ rate hike bets.Trade uncertainties and rising geopolitical tensions also benefit the JPY’s safe-haven status.A weaker USD contributes to the USD/JPY pair’s retracement slide … [Continue reading]
South Korea Producer Price Index Growth (YoY) fell from previous 0.9% to 0.3% in May
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
EUR/JPY steadies near 167.00 as markets weigh geopolitics and interest rates
EUR/JPY remains supported as the ECB leans dovish and the BoJ maintains an ultra-loose policy stance.EUR/JPY trades firm ahead of Japan’s inflation data.The Euro looks to Friday’s German PPI for directional cues, as weak prints could reinforce … [Continue reading]
Gold steadies amid US involvement in the Israel-Iran conflict, cautious Fed
Gold holds firm as traders balance safe-haven flows and Fed interest rate outlook.US-Iran tensions, Fed’s data-dependent stance, and Oil supply risks in the spotlight.XAU/USD trades sideways below $3,400 amid low volume on a US holiday.Gold (XAU/USD) … [Continue reading]
EUR/USD Forecast: Euro closes in on key support levels
EUR/USD struggles to gain traction, trades near 1.1450.The technical outlook points to a bearish tilt in the near term.Financial markets in the US will remain closed on Thursday.EUR/USD stays on the back foot early Thursday and trades modestly lower … [Continue reading]
Raydium soars 18% as Upbit lists RAY/KRW and RAY/USDT trading pairs
Raydium price is rallying by more than 18% on Thursday after finding support around its $2 psychological level. South Korea’s largest cryptocurrency exchange, Upbit, lists RAY trading pairs on Thurday. CoinGlass Open Interest data for RAY … [Continue reading]
EUR/USD capped below 1.1500 as Fed stays put, Trump fuels Dollar strength
EUR/USD trades near 1.1476 after briefly breaching 1.1500 post-Fed.Fed maintains rates; projections show slower growth, stickier inflation.Trump open to Iran meeting, while ECB officials flag Eurozone economic weakness.The EUR/USD trades almost flat … [Continue reading]
Fed’s Powell: Take some time for tariffs to work their way to consumers
Federal Reserve Chairman Jerome Powell explained the decision to leave the policy rate unchanged at the 4.25%–4.50% range following the June meeting and responded to questions during the post-meeting press conference.[embedded content]Follow our live … [Continue reading]