BoJ Governor Kazuo Ueda reiterated today that the central bank could raise interest rates again in July, stressing that this decision would be independent of the plan to taper bond purchases. Speaking to parliament, Ueda clarified, “Our decision on bond-buying taper and interest rate hikes are two different things.” He emphasized that a rate hike […]
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Key Highlights USD/JPY started a fresh increase above the 145.00 resistance. A key bullish trend line is forming with support at 145.80 on the 4-hour chart. EUR/USD declined below the 1.1075 support level. GBP/USD trimmed Read more…
Key insights from the week that was. In Australia, the week began with the Federal Government’s announcement of a better-than-expected final budget outcome for 2023/24, a second consecutive surplus of $15.8bn. Relative to May’s estimates, Read more…
The RBA no longer says that wages growth is too high to be consistent with inflation returning to target. But how did it come to that conclusion in the first place? Last week we noted Read more…