Thursday's abrupt decline in USD/JPY reignited speculation that the Bank of Japan may have stepped into the market on behalf of Japan's Ministry of Finance. Whether that was the case remains unclear, but it's plausible the move reflected a combination of other factors, including a well-timed Reuters report suggesting Japanese authorities may be looking to ...
The euro area outlook suddenly looks a bit less stagflationary. Against a backdrop of sharp retracement in crude oil prices, the recent data flow points to a degree of economic resilience and limited signs of broadening inflation pressures. On inflation, the headline rate eased from 3.2% to 2.8% Y/Y in the flash estimate for June, comfortably below the ...
The Bank of Japan started quantitative tightening late in the game, and only reluctantly, after the yen had plunged against other currencies and couldnt find a bottom. But since the BOJ started QT in late 2024, it has proceeded at a solid pace that accelerated as it went. The plunge of the yen 53% against the US dollar since the beginning of 2012 ...
video Steven Blitz is a veteran Federal Reserve watcher and chief U.S. economist at Global Data TS Lombard, where he specializes in macroeconomic analysis and alternative investments. Now, as Steve joins me to dissect the June jobs report, where the payroll rise was a much weaker than expected, 57,000 workers, he still forecasts an eventual Fed rate hike ...
The euro area outlook suddenly looks a bit less stagflationary. Against a backdrop of sharp retracement in crude oil prices, the recent data flow points to a degree of economic resilience and limited signs of broadening inflation pressures. On inflation, the headline rate eased from 3.2% to 2.8% Y/Y in the flash estimate for June, comfortably below the ...
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