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Thursday, August 22, 2024

Asia Market Movers: USD/JPY to fall below 140 by the end of the year (MUFG)

USD/JPY to fall below 140 by the end of the year (MUFG)

Mitsubishi UFJ Morgan Stanley Securities strategists suggest in a research note that the dollar might drop below 140 yen by the end of 2025. Citing the interest-rate difference between the US and Japa... 

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Bank of Korea Gov Rhee says inflation conditions are appropriate for a rate cut

Bank of Korea Governor Rhee: inflation conditions are appropriate for a rate cut today's on hold policy decision was unanimous rising financial stability risks warranted the decision to keep rates on... 

Here's when we'll get the full agenda of the Fed's Jackson Hole symposium

Apart from having Powell's time locked in, we have nothing else from the the Federal Reserve Bank of Kansas City's annual Economic Policy Symposium, Aug. 22-24 in Jackson Hole, Wyoming. The full agend... 

Bank of Korea hints at rate cuts to come

In its statement the Bank dropped the phrase 'sufficient period of time' in saying it will maintain a restrictive policy stance. Giving a clue that cuts are on the horizon. but not today. The South Ko... 

Commonwealth Bank of Australia forecast a 25bp September Federal Reserve interest rate cut

Reuters with the snippet from CBA: We favour a 25 bp cut because the U.S. economy is still in good shape 50 bp cuts are usually reserved for situations where the economic outlook is under threat Fed C... 

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Latest Forex Orders

FX option expiries for 21 August 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.1100 level. There has been expiries here all through the week and the ones today will still have... 

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