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Markets entered last week with elevated anticipated and left with even sharper convictions. Weak U.S. labor data tilted sentiment decisively toward faster Fed easing, while equity markets used that prospect as a springboard to yet another round of record highs. Bond markets echoed that view. US 10-year yield broke briefly below 4%, sending a signal […]

The post Risk Appetite Anchored by Fed Cut Bets, Aussie Outshines Peers appeared first on Action Forex.

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Yen Crushed as Super-Long JGB Yields Plunge on Supply Cut Speculation
27/05/2025

Yen Crushed as Super-Long JGB Yields Plunge on Supply Cut Speculation

Yen is under intense selling pressure today, dragged down by a sharp plunge in super-long JGB yields. The 30-year yield closed at 2.836%, down significantly from 3.165% just days ago. This abrupt move followed a Reuters report suggesting that the Ministry of Finance may reduce super-long bond issuance as part of a potential tweak to […]
Dollar Softens Mildly ahead of US CPI, Aussie Gains as China Relaxes Some Trade Sanctions
12/12/2023

Dollar Softens Mildly ahead of US CPI, Aussie Gains as China Relaxes Some Trade Sanctions

Dollar softens slightly in today’s Asian session, as the global markets await forthcoming US consumer inflation data. Headline CPI is anticipated to show a modest deceleration to 3.2% in November, while core CPI is expected to remain stubbornly high at 4%. Fed’s mandate to bringing inflation down to its 2% target necessitates a persistent slowdown […]
Yen Dominates Quiet Markets, Bitcoin Achieves Record High
11/03/2024

Yen Dominates Quiet Markets, Bitcoin Achieves Record High

Yen continues to stand out as the strongest currency in today’s relatively subdued markets, supported by anticipations of an imminent rate hike by BoJ next week. Swiss Franc and US Dollar are trailing behind in strength, indicating a preference for safer assets. Conversely, Australian Dollar, New Zealand Dollar, and Sterling find themselves at the lower […]