Mixed Asia Trade: Yen Gains on Growth Surprise, China Weakness Hits Sentiment

Activity in the global financial markets are rather muted today, with major European stock indexes reading water within a narrow range. US futures are also showing little change, reflecting the quietness of US market holiday. In the currency sphere, movements are similarly subdued, with Euro and Swiss Franc ranking as the day’s weaker currencies followed […]

Dollar’s rally continues broadly today, though most of its strength remains concentrated against European majors. While the greenback holds firm, it remains capped below last week’s highs against commodity-linked currencies and Yen. A clear move upwards could only unfold if 10-year Treasury yield breaks past the 4.4% threshold, though the true direction may hinge on […]

Japanese Yen rebounds broadly today, likely driven by traders taking profits on short positions after a significant week of sell-off following BoJ’s rate hike. This stabilization comes amidst speculations stirred by Japan’s latest inflation data, raising the prospect of a second hike by BoJ in the second half of the year. Nevertheless, such predictions seem […]