The prospect of Japan officially preparing to declare an end to deflation helped support JPY today. USD/JPY traded lower towards 147.40. Selling in yen crosses weighed on AUD and NZD notably.
In trade news after Trump postponed tariffs on Mexico and New Zealand, again, Canada responded by saying it’d delay its second wave of tariffs. The first wave will be left in place.
Federal Reserve Bank of Atlanta President Raphael Bostic spoke, with some muddled messaging. He said that if the Bank waits for trends to appear in national economic data before acting, we could be too late. He followed this up by saying the FOMC would have to have ‘clarity’ to move rates next, and that they’ll have to be patient. Knowing central banks as we do the resolution of this dissonance is likely to be favouring waiting, not moving pre-emptively.
We had trade data from China today, with a headline miss on exports. China will publish February inflation data over the weekend.
The US moves onto Daylight Saving time this weekend.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about forexlive asia pacific fx news wrap yen firmed a little was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( ForexLive Asia-Pacific FX news wrap: Yen firmed a little )
Also on site :
- Crews respond to large fire at Denny Hamlin's parents' house in Stanley: Sources
- Reported tornado rips roofs off multiple homes in central Illinois
- MayimFlow wants to stop data center leaks before they happen