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Wednesday, May 8, 2024

ForexLive Asia-Pacific FX news wrap: USD/JPY back above 155.00

ForexLive Asia-Pacific FX news wrap: USD/JPY back above 155.00

Federal Reserve speakers on Wednesday include Collins, Cook, and Jefferson Chinese state media is reporting the PBOC is likely to cut its RRR in Q2 2024 Bank of Japan Governor Ueda will speak again la... 

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Federal Reserve speakers on Wednesday include Collins, Cook, and Jefferson

On the Fed speaker circuit for Wednesday: 1500 GMT / 1100 US Eastern time - Federal Reserve Vice Chair Philip Jefferson participates in virtual moderated discussion before the "Exploring Careers in Ec... 

Chinese state media is reporting the PBOC is likely to cut its RRR in Q2 2024

Hardly a week goes by without some report or another in Chinese state media about an RRR or rate cut from the People's Bank of China, so treat this with a grain of salt. --- The Reserve Requirement Ra... 

Bank of Japan Governor Ueda will speak again later on Wednesday, during Europe time

Bank of Japan Governor Kazuo Ueda is going to speak at a seminar hosted by Japan's Yomiuri newspaper. At 0830 GMT, which is 0430 US Eastern time. I haven't a topic for this.... 

Yen is a big loser against the USD in Asian trade today, but its not the only one

USD/JPY is tracking higher abiove 155.00 despite supportive comments from Suzuki and Ueda. More from Ueda: Doesn't see yen moves as having a big impact on trend inflation so far Yen falls deeper in th... 

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FX option expiries for 7 May 10am New York cut

There are a couple to take note of, as highlighted in bold . The first one being for EUR/USD at the 1.0725 level. It isn't one that holds much technical significance but could play a role in keeping p... 

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