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Friday, January 24, 2025

Asia Market Movers: Yen finding a few bids after the Bank of Japan rate hike

Yen finding a few bids after the Bank of Japan rate hike

The rate hike post is here: Bank of Japan hikes rates - as widely expected USD/JPY dipped lower on the Statement and forecasts. Its dropping further now. yen crosses lower alongside. The danger is fur... 

tranche

In 2024, China's central bank expanded its gold reserves by 44.17 tons

In 2024, the People's Bank of China, expanded its gold reserves by 44.17 tons, bringing the total to a record-high 2,279.57 tons, making it the sixth-largest globally. That year, China produced 377.24... 

Bank of Japan hikes rates - as widely expected

Still to come is the press conference from Bank of Japan Governor Ueda, due at 0630 GMT (and 0130 US Eastern time for the night owls). Ueda is expected to signal further rate hikes to come, with a ris... 

Japan's largest trade union says very important to secure wage rises

The president of Japan's largest trade union Rengo says its very important to secure wage rises as real wages continue to fall and the result of this year's wage negotiations must exceed last year Sti... 

More on Trump saying he would rather not use tariffs against China

Trump spoke in an interview with Fox, referring to his phone conversation with Chinese President Xi Jinping: "It went fine. It was a good, friendly conversation" "I can do that," Trump said in the int... 

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Latest Forex Orders

FX option expiries for 23 January 10am New York cut

There is arguably just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.0400 level once again. The larger expiries there is likely to keep price action more loc... 

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