BoJ board member Goushi Kataoka warned in a speech to business leaders, “disruptions in Russia-related trade will weigh not just on Russia’s economy but global growth by prolonging worldwide supply constraints.” And for the time being, “we must pay attention to downside risks to Japan’s economy…as well as upside risks to prices.” Separately, meeting of […]
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Dollar Index (DXY) has reached 100% Fibonacci extension from 7.17.2023 low and ended the cycle. The rally is unfolding as a double three Elliott Wave structure. Up from 7.17.2023 low, wave (W) ended at 107.34 Read more…
Japan’s industrial production rose by 3.0% mom in October, marking the second consecutive month of growth but falling short of market expectations of a 3.9% mom increase. This uptick is nonetheless an improvement from September’s Read more…
Tokyo’s November CPI data pointed to resurgence of inflation pressures in Japan, raising expectations for BoJ to tighten policy further. Tokyo Core CPI, excluding food, climbed from 1.8% yoy to 2.2% yoy, beating expectations of Read more…