JPYUSD JPY/USD
- 0.006358
- -0.000019-0.31%
JPY/USD News
The Federal Reserve needs more evidence to confirm that the path to cooling inflation is unlikely to cut interest rates in the short term
This week, Federal Reserve officials received evidence that inflation continues to fall (albeit fluctuating), but policymakers are unlikely to change their positions where more evidence is needed. The Zhitong Finance App learned that government data released on Friday showed that the basic inflation index preferred by the Federal Reserve cooled down last month, and the growth rate was the slowest since this year. Additionally, consumers cut spending in April as the economy grew slower than expected in the first quarter. These reports paint a picture of a moderate economic slowdown, which is what policymakers want to see, and dispels concerns about a renewed acceleration in price growth. But officials may look for it after the next few weeks of meetings
Japan did not succeed in spending 62 billion US dollars to boost the yen, and the yen exchange rate dilemma is difficult to solve
The yen exchange rate dilemma is difficult to resolve, and the Bank of Japan is now in a dilemma. On Friday May 31, Japan's Ministry of Finance released data showing that in order to support Japan's continued weakness, the Japanese government carried out two significant monetary interventions between April 26 and May 29, investing a record 9.8 trillion yen (about 62 billion US dollars). Most of the capital was spent within four days starting April 29. However, the impact of this huge amount of money invested by Japan on the exchange rate was short-lived. At the end of April, the exchange rate of the US dollar against the yen rose from 160 to 151.85, but just a few days later, the exchange rate on Friday fell back to 1
Express News | US April Core PCE Price Index YoY 2.8% Vs 2.8% Forecast, Prior 2.8%
Oil prices fall as Federal Reserve officials hint they won't cut interest rates
Remarks by Federal Reserve officials about keeping interest rates stable led to a drop in oil prices. U.S. gasoline inventories increased by 2 million barrels, indicating a decline in demand. OPEC+ negotiations will extend sharp production cuts to 2025 and stabilize the market.
Exchange rate forecast for next week = there is also a possibility that price movements will increase due to speculations surrounding Japan-US monetary policy
There is a possibility that price movements will increase in the dollar-yen exchange rate next week as speculations surrounding Japan-US monetary policy intersect. The forecast range is 1 dollar = 155 yen 50 yen to 158 yen 50 sen.
Will the Federal Reserve's favorite inflation indicator reach a 3-year low?
After the CPI cooled down in April, the progress of US inflation was tested again by key data. Today at 20:30 Beijing time (8:30 a.m. EST), the US Department of Commerce will release PCE data for April. The market currently expects the overall PCE price index to rise 0.3% month-on-month in April, in line with the previous value, and is expected to remain flat at 2.7% year-on-year. The core PCE price index rose 0.3% month-on-month, in line with the previous value. The core PCE price index is expected to remain flat at 2.8% year over year. If the year-on-year increase slows slightly, then the core PCE price index will be the one since April 2021
[Future outlook] The dollar exchange rate is mixed this week, will today's US PCE deflator show direction
The dollar exchange rate has been mixed this week. The rise in US bond yields is putting pressure on the dollar, but the dollar is not dominated by the dollar because unstable movements in the stock market have been disrupted. Also, in the week leading up to the end of the month, flow-driven aspects are also pointed out.
US Core PCE Inflation Set to Steady as Federal Reserve Rate Cut for September Hangs in the Balance
The core Personal Consumption Expenditures Price Index is set to rise 0.3% MoM and 2.8% YoY in April.
Japan's Tokyo inflation rebounded in May, providing favorable prospects for interest rate hikes!
Consumer prices excluding fresh food in Tokyo rose 1.9% in May, according to data released by Japan's Ministry of Home Affairs on Friday. Tokyo's inflation data is usually a major indicator reflecting national trends. This indicates that the national inflation data released next month may experience a similar acceleration, causing the Bank of Japan to basically consider the possibility of interest rate hikes in the next few months.
Japan's Suzuki: Important for Currencies to Move in Stable Manner Reflecting Fundamentals
Japanese Finance Minister Shunichi Suzuki said on Friday that “it is important for currencies to move in a stable manner reflecting fundamentals.”
Japanese Yen Holds Ground Due to Higher Tokyo's Inflation Data
The Japanese Yen (JPY) remains steady after the Tokyo Consumer Price Index (CPI) data by the Statistics Bureau of Japan was released on Friday.
Federal Reserve officials expect inflation to continue to fall in the second half of the year, and interest rate hikes are unlikely
New York Federal Reserve Chairman Williams said he expects inflation to continue to fall in the second half of this year, and interest rate hikes are unlikely. He expects inflation measured by PCE to fall to around 2.5% by the end of this year, and close to 2% next year. He was unable to explain when he might support interest rate cuts, stressing that this depends on upcoming economic data, and that the policy path is being adjusted as the outlook changes.
Tokyo's Core Inflation Slows Slightly to 1.9% in May
Tokyo's core consumer price index, which excludes perishables, rose 1.9% year over year in May after a 1.6% increase in April, data from the Statistics of Japan on Friday showed.
Japan's Jobless Rate Unchanged at 2.6% in April
Japan's unemployment rate on a seasonally adjusted basis held steady at 2.6% for three straight months in April, the Ministry of Internal Affairs & Communications reported Friday.
Japan to Answer ¥9.4 Trillion Question on Currency Intervention
Investors will learn Friday if Japan intervened to prop up the yen during the last month, with the beleaguered currency vulnerable to a selloff if authorities were absent or had to spend much more than expected.
Japan's Suzuki: Foerx Level Determined by Market
Japanese Finance Minister Shunichi Suzuki said on Friday that the foreign exchange (FX) rates should reflect fundamentals and he will respond appropriately to excessive FX moves.
USD/JPY Shuffles Feet Near 157.00 After Japanese Tokyo CPI Inflation Rebounds
USD/JPY bounced in early Friday trading, catching a ride to the 157.00 handle from a near-term low of 156.40.
Tokyo Inflation Picks Up, Keeping BOJ on Track for Rate Hike
Inflation in Tokyo accelerated in May, keeping the Bank of Japan largely on track to consider a rate hike in coming months.
Dallas Federal Reserve Chairman makes another hawkish remark: the policy may not have as many restrictions as expected, and neutral interest rates may have risen
Dallas Federal Reserve Chairman Logan said that high interest rates may not have as much of a deterrent effect on the economy as policy makers expected, and emphasized that officials must reserve options for future adjustments.
Japanese Retail Trade Bounces to 2.4% YoY in April, Beats 1.9% Forecast
Japanese Retail Trade grew 2.4% YoY in April, over and above the forecast 1.9% and recovering from the previous period's 24-month low of 1.1%, which was revised even lower from the initial print of 1.2%.