-
Japanese Yen Forecast: Will USD/JPY Break 150? BoJ Rate Hike Speculation Eases
On Monday, October 7, the USD/JPY will be under the spotlight, with the Conference Board Leading Economic Index (LEI) in focus. Economists expect the LEI to drop from 109.3 in July to 107.4 in August. Will a lower LEI further soften BoJ rate hike expectations? A drop in the LEI could signal a softer outlook for the Japanese economy. The LEI reflects key economic indicators, including business and consumer sentiment. A weaker economic outlook could reduce investor expectations of a Q4 2024 Bank of Japan rate hike, supporting a USD/JPY move toward 150. Other economic data, including the Coincident Economic Index, could ... (full story)
- Comments
- Subscribe
-
- Older Stories
From forexlive.com|Oct 6, 2024Hong Kong's Hang Seng benchmark index is up more than 2% on the session so far. Its hitting 31 month highs. the tech index is +3% There are expectations of more stimulus ...
From forexlive.com|Oct 6, 2024China's gold reserves sat at 72.8 million fine troy ounces at the end of September, for a fifth straight month Data via the People's Bank of China released on Monday. In USD terms ...
-
- Newer Stories
From interest.co.nz|Oct 6, 2024A week ago, the NZD/USD exchange rate was sitting on its highs at 0.6350 and looking set to make further gains as the US dollar side of the currency pair was continuing to ...
From forexlive.com|Oct 6, 2024|4 commentsJapan's Finance Ministry's Vice Finance Minister for International Affairs Atsushi Mimura. He is the official who will instruct the BOJ to intervene, when he judges it necessary. ...
From fxempire.com|Oct 7, 2024The US released multiple employment-related reports throughout the week. The ADP report indicated that the private sector added 143K new jobs in September 2024. On the other hand, ...
- Story Stats
- Posted: Oct 6, 2024 10:46pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,748
