Markets: Yesterday’s sudden drop in USD/JPY remained talk of town. The pair breached last year’s intervention-threshold (150) following stronger US JOLTS job openings before suddenly sinking to 147.50. While top officials declined to say if they had intervened, Finance Minister Suzuki did tell media that they are watching FX with a high sense of urgency, […]
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Switzerland’s KOF Economic Barometer declined from 103.0 to 101.7 in February, missing expectations of 102.1. The data suggests weakening momentum in the economy, with most production-side sectors facing increasing pressure. According to KOF, manufacturing and Read more…
BoE Deputy Governor Dave Ramsden indicated a shift in his inflation outlook, stating that he no longer views risks to achieving the 2% target as skewed to the downside. Instead, he now sees inflation risks Read more…
Markets The stars aligned for a significant risk-off correction yesterday. First and foremost, the market narrative changed since the end of last week with investors attaching a higher probability to a mid-term US recession. Especially Read more…