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BoJ set to raise interest rates by 25 bps next week - Reuters
According to a Reuters report, sources say that the Bank of Japan (BoJ) is set to raise interest rates, most likely by 25 basis points, at the policy meeting on September 18. This move will push interest rates higher to 1.25%, a level not seen in the last 31 years.
Australian Dollar softens to near 0.7150, US CPI inflation data looms
The AUD/USD pair edges lower to around 0.7155 during the early Asian session on Friday. The US Dollar strengthens against the Australian Dollar (AUD) following signs of hotter inflation in the United States (US).
Japan’s Katayama says to maintain close communication with US on currency markets
Japanese Finance Minister (FM) Satsuki Katayama said on Friday that the government will ‌continue to closely communicate with the United States (US) to ensure orderly foreign exchange markets.
New Zealand Dollar recovers from six-week low vs USD; upside seems capped ahead of US CPI
The NZD/USD pair gains some positive traction during the Asian session on Friday, reversing a part of the previous day's heavy losses to sub-0.5800 levels, or the lowest since late July.
British Pound holds steady above 1.3500 ahead of US CPI inflation release
The GBP/USD pair trades on a flat note near 1.3510 during the early Asian session on Friday. Traders prefer to wait on the sidelines ahead of the key US August Consumer Price Index (CPI) inflation report later on Friday.Â
Japanese Yen edges higher as PPI reaffirms BoJ rate hike bets and USD bulls await US CPI
The USD/JPY pair struggles to capitalize on the previous day's recovery momentum and edges lower during the Asian session on Friday.
PBOC sets USD/CNY reference rate at 6.7743 vs. 6.7766 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7743 compared to the previous day's fix of 6.7766 and 6.7174 Reuters estimate.
Euro flatlines above 1.1600 despite ECB hawkish hike, traders brace for US CPI data
The EUR/USD pair holds steady around 1.1610 during the early Asian session on Friday. Traders continue to assess a hawkish hike from the European Central Bank (ECB).
Japan BSI Large Manufacturing Conditions Index (QoQ) above forecasts (2.5) in 3Q: Actual (7.6)
Japan BSI Large Manufacturing Conditions Index (QoQ) above forecasts (2.5) in 3Q: Actual (7.6)
Japan Producer Price Index (YoY) registered at 7.6% above expectations (7.4%) in August
Japan Producer Price Index (YoY) registered at 7.6% above expectations (7.4%) in August
Japan Producer Price Index (MoM) below forecasts (0%) in August: Actual (-0.2%)
Japan Producer Price Index (MoM) below forecasts (0%) in August: Actual (-0.2%)
Australian Dollar slides as US yields jump before pivotal CPI
The Australian Dollar ended Thursday’s session with a 0.80% loss against the US Dollar after US producer inflation exceeded estimates, triggering pricing for a more hawkish Federal Reserve. The AUD/USD trades at 0.7159 after reaching a peak of 0.7223.
AUD/JPY Price Forecast: Yen strength keeps 110.00 in sight
The Australian Dollar weakens versus the Japanese Yen as risk-appetite shifted sour due to the escalation of the US-Iran conflict, which has broadened to a fight between Yemen’s Houthis vs Saudi Arabia, who fight for control of the Red Sea. The AUD/JPY exchange rate is 110.53, down 0.27%.