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Friday, May 10, 2024

ForexLive Asia-Pacific FX news wrap: USD higher across the major FX board

ForexLive Asia-Pacific FX news wrap: USD higher across the major FX board

Federal Reserve speakers on Friday include Bowman, Kashkari, Logan, Goolsbee, Barr BoE Chief Economist Pill speaking Firday, dove Dinghra also speaking Ex-BOJ Watanabe says Bank of Japan must avoid ra... 

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Federal Reserve speakers on Friday include Bowman, Kashkari, Logan, Goolsbee, Barr

The times below are in GMT/US Eastern time format. 1300/0900 Federal Reserve Board Governor Michelle Bowman speaks on "Financial Stability Risks: Resiliency and the Role of Regulators" before the Tex... 

USD/JPY on the rise - earlier jaw boning from Finance Minister Suzuki was just the usual

From earlier, Suzuki: Japan's finance minister Suzuki says is closely watching FX moves Also of note today was Reuters publishing a piece from its interview with an ex-BOJ official: Ex-BOJ Watanabe sa... 

BoE Chief Economist Pill speaking Firday, dove Dinghra also speaking

The Bank of England look set to cut rates in June or just after: Analysts tip a June Bank of England rate cut. Or August ;-) The Bank of England still has cold feet on rate cuts, reluctant to commit C... 

Ex-BOJ Watanabe says Bank of Japan must avoid raising interest rates to combat a weak yen,

Watanabe points to weaker services inflation, which he says suggests sluggish consumption is discouraging firms from hiking prices: "The BOJ is probably hoping that services inflation will strengthen.... 

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FX option expiries for 9 May 10am New York cut

There are a couple to take note of on the day, as highlighted in bold . The first is a range of expiries for EUR/USD from 1.0745 through to 1.0775. That is likely to help lock price action from runnin... 

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