OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. A relatively quieter week versus last week's maj
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data releases that centered on inflation with the Fed-preferred PCE
USDJPY Yen sellers remain in control as traders become skeptical that Japan officials follow through on intervention threats. The yen has steadily weakened t
Yen falls to 2-week low on US jobless claims
Posted 1 hour agoSharePrint
The Japanese yen is under pressure, as USD/JPY has posted gains for a second straight day. In North American trade, USD/JPY is trading at 109.86, up 0.66%.
Tokyo Core CPI eyed
Inflation levels remain at very low levels in Japan, and with the economic downturn due to Covid, there is little reason to expect that this will change anytime soon. Earlier in the week, BoJ Core CPI, the Bank of Japan’s preferred gauge of inflation, dipped to -0.1% in March, down from zero a month earlier. The index has mustered just one gain in the past 13 months.