Daily Pivots: (S1) 143.51; (P) 143.98; (R1) 144.51; More… No change in USD/JPY’s outlook and intraday bias stays neutral at this point. On the upside, above 146.27 will target 148.64 resistance first. Firm break there will resume the rebound from 139.87. Nevertheless, break of 142.10 will bring deeper fall back to 139.87 low. In the […]
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BoC is widely expected to leave interest rate unchanged at 2.75% for the second consecutive meeting today. While Q1 GDP surprised to the upside at 2.2% annualized, the growth was heavily front-loaded by export activity Read more…
Japan’s private sector lost steam in May as final PMI Services reading slipped to 51.0 from April’s 52.4, while Composite PMI declined to 50.2 from 51.2. The data point to only marginal growth in overall Read more…
Australia’s GDP expanded just 0.2% qoq in Q1, falling short of expectations for 0.4% qoq growth. On an annual basis, GDP rose 1.3% yoy. However, GDP per capita declined by -0.2% qoq, marking a renewed Read more…