Forex Market

Key Takeaways Yen reverses gains: USD/JPY rose 0.4% on Friday after plunging more than 2% in the prior session on reported Tokyo intervention. Tokyo defends 160 line: The Japanese government stepped in after USD/JPY breached the historically sensitive 160 yen level. Tokyo CPI disappoints: Softer-than-expected April inflation added pressure on …

Japan stunned global currency markets after authorities stepped into the foreign exchange market for the first time in nearly two years, unleashing what traders quickly dubbed a fresh “Yentervention” campaign to halt the yen’s relentless slide against the US dollar.Yen Panic Triggers Japan’s Dramatic “Yentervention” ComebackThe move sparked widespread panic …

The US dollar came under heavy pressure on Thursday in a dramatic trading session shaped by weaker-than-expected US growth data and Japan’s surprise intervention to support the yen. Currency markets turned sharply volatile as investors reacted to slowing economic momentum alongside direct government action in foreign exchange trading.Softer US Growth …

In a highly complex economic and political environment, Jerome Powell has chosen to remain on the Board of Governors of the Federal Reserve despite the end of his term as Chair. The decision reflects a clear understanding of the sensitivity surrounding the current phase of the US economy, as Kevin …

The Bank of England kept interest rates unchanged at 3.75%, in a move that was widely expected but far from a simple pause. Instead, it reflected what can be described as an “active hold,” with policymakers using the current stance as a tool to counter inflation pressures.While the decision received …

Gold Gold posted a modest rebound on Thursday, recovering after recent losses as the US Dollar US Dollar weakened. The metal climbed back above the $4,600 level, finding short-term support after dipping to a one-month low in the previous session.Currency Pressure Ignites DemandThe move higher was largely driven by the …

European Central Bank policymakers are increasingly leaning toward a tighter monetary stance this year, with market sources indicating that at least two interest rate hikes could be on the table if geopolitical tensions keep oil prices elevated above the $100 per barrel mark. According to ECB-related sources, the central bank …

Key Takeaways Steady momentum: Canada’s GDP rose 0.2% month-on-month in February, matching expectations and marking the fourth consecutive month of positive growth. Manufacturing the standout: The sector surged 1.8% — its strongest monthly performance since January 2023 — with broad-based gains across transportation equipment and automotive. Tariff resilience: Canada has …

Key Takeaways Rates held at 2%: The ECB kept its key deposit rate unchanged, sticking with a “steady-hand approach” as expected. Stagflation warning: ING analysts highlighted “increasing stagflationary pressures” in the eurozone — a toxic mix of high inflation and stagnant growth. Oil and gas pain: The Iran war has …

Key Takeaways Rates held at 3.75%: The BOE voted 8-1 to keep its key bank rate unchanged, with one member backing a quarter-point hike. Hawkish warning shot: The central bank flagged that policy may need to respond later this year to the energy shock from the Iran war. Inflation already …