Yen resumed its broad-based rally during the Asian session, lifted by stronger-than-expected Tokyo inflation data. The accelerated inflation figures have reignited market speculation about another rate hike by BoJ as early as December. Overnight index swaps now suggest there is over 60% probability of a 25bps increase at this upcoming meeting. A key highlight from […]
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Eurozone CPI rebounded from 2.0% yoy to 2.3% yoy in November, matched expectations. CPI core (energy, food, alcohol & tobacco) was unchanged at 2.7% yoy, below expectation of 2.8% yoy. Looking at the main components, Read more…
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The Japanese yen has surged higher on Friday after a strong inflation release. In the European session, USD/JPY is trading at 150.19, down 0.87% on the day. Earlier, the yen has broken below the symbolic Read more…