The USD/JPY currency pair has climbed to a three-month high of 154.87, driven by the strengthening US dollar following Donald Trump’s election victory. Markets anticipate that Trump’s protectionist policies, which are expected to bolster the US economy, might also fuel inflation, prompting the Federal Reserve to maintain higher interest rates than previously anticipated. In Japan, […]
The post USD/JPY at a Three-Month Peak: No One Opposes the US Dollar appeared first on Action Forex.
Markets US October inflation figures printed bang in line with expectations. Headline inflation picked up to 2.6% and core inflation matched September’s 3.3% with clear signs of price stickiness in housing-related costs (0.4% m/m) and Read more…
US inflation came in parallel to expectations, confirming that headline inflation in the US stagnated near 0.3% level for a third month, the yearly figure rebounded from 2.4% to 2.6% as expected, while core inflation Read more…
In focus today From the US, October PPI is due for release today. Yesterday’s CPI print was largely in line with expectations (see more in section below) hence it will be interesting to see if Read more…