Caution Dominates FX as Jackson Hole Opens, Risk Mood Fragile

Yen’s pull back continues today despite more positive news on wages negotiations in Japan. Remarkably, the currency has undone its gains from last week against all major counterparts, barring the even more beleaguered New Zealand Dollar. Expectations are still leaning towards an imminent interest rate hike by BoJ; however, speculation is rife that the central […]

Euro weakened broadly today, weighed down by growing recession concerns in Germany. The Eurozone’s largest economy confirmed -0.1% contraction in GDP in Q2. Consumer sentiment showing deeper-than-expected deterioration, particularly in economic expectations. This decline follows weak Ifo business climate released yesterday. The string of negative data points suggests that any economic recovery may be further […]

Asian markets traded cautiously today as investors await the long-anticipated reciprocal tariff announcement from the US, dubbed “Liberation Day” by President Donald Trump. Following the mixed close on Wall Street, risk sentiment remains fragile, with traders in clear wait-and-see mode. However, the rebound in commodity currencies overnight hints that some market participants are leaning toward […]