As expected, ECB kept policy rates unchanged at today’s meeting and guided that they are done with additional rate hikes. Lagarde seemed to be on a mission not to rock the boat in terms of market pricing, she succeeded well and gave indications that this was a stock taking meeting only. Lagarde highlighted uncertainty about […]
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USD/JPY is holding near 156.83 on Friday. Despite heightened volatility in recent sessions, the yen is set to end the week broadly unchanged. Fears of intervention and Tokyo’s firm rhetoric have failed to support a Read more…
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In focus today The key release today is the US April jobs report. We expect a solid report with NFP growth of 80k and unemployment rate unchanged at 4.3%. High-frequency indicators have generally been strong Read more…