[Future outlook] The dollar and yen are at a standstill before 156 yen, today's US Michigan Index

The upward movement of the dollar and yen has come to a standstill before 156 yen. There was a reaction of dollar sales due to weak US employment statistics last weekend, but dollar buying became dominant over the weekend. Since the beginning of this week, the trend of buying dollars has continued due to hawkish statements from US financial officials, etc.

Minkabu14minutes ago

Forex Today: Steadily Cooling US Labor Market Keep US Dollar on Edge

The US Dollar (USD) recovers modestly during the Asian session on Friday. However, the near-term appeal is still uncertain as higher-than-projected Initial Jobless Claims (IJC) for the week ending May 3 indicated that the United States (US) labor market is struggling to bear the burden of Federal Reserve’s (Fed) restrictive policy framework.

FXStreet02:02 ET

Gauge for Current Conditions in Japan Slips in April: Economy Watchers Survey

The measure for household trends fell to 46.6 points from 49.4 in March due mostly to a drop in food and beverage to 47.8 from 53.1, the data showed.

MT Newswires01:52 ET

The two major asset management giants support the Bank of Japan's hawk, saying that interest rate hikes will exceed market expectations

The Zhitong Finance App learned that Ales Koutny, head of international interest rates at Vanguard, said that the market has underestimated the degree of hawkish policy the Bank of Japan needs to adopt this year to boost the struggling yen. His opinion is consistent with Pacific Investment Management (Pacific Investment Management), which is also a bond giant. Both believe that the Bank of Japan will raise interest rates by 75 basis points this year. Koutny believes that the Bank of Japan's benchmark interest rate will reach 0.75% at the end of the year from the current range of 0% to 0.1%, and will raise interest rates in June as soon as possible

Zhitong Finance23:27 ET

Japan's Current Account Surplus Balloons 44% in March

Japan reported a current account surplus of 3.399 trillion yen in March, up 44% from 2.36 trillion yen in the prior-year period, preliminary data released by the Ministry of Finance on Friday showed.

MT Newswires21:52 ET

Experts say the surge in the US money supply means the Federal Reserve will not cut interest rates in 2024!

Bert Dohmen, an analyst at Dohmen Capital Research, said that the recent sharp increase in the supply of M2 money in the US means that the Federal Reserve will not be able to deliver on expected interest rate cuts this year. He also believes that all discussions about how many times the Federal Reserve may cut interest rates this year are meaningless.

FX678 Finance20:55 ET