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Thursday, April 3, 2025

Asia Market Movers: USD/JPY to a three week low towards 147.50

USD/JPY to a three week low towards 147.50

Most major FX was slammed lower in the wake of Trump's announcement of massive increases in tariffs. The moves have been pretty much retraced, FX recovering. EUR has done more than recover, its up abo... 

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JPM: Tariff shock weighs on markets, but China and Hong Kong equities show resilience

The latest wave of tariff announcements by Trump is likely to put short-term pressure on risk assets, including equities in both the U.S. and Asia, according to Tai Hui, Chief Market Strategist for As... 

Japan Trade Minister Muto has spoken with US Commerce Secretary Lutnick

Japan Trade Minister Muto: Held online meeting with US Commerce Secretary. Told US Secretary new US tariffs would bring negative impact on US economy as well. Told US counterpart new tariffs announcem... 

China's Commerce Ministry says will take countermeasures on Trump's tariffs

China Commerce Ministry: China firmly opposes US tariffs and will resolutely take countermeasures to safeguard its rights and interests China urges the US to immediately cancel unilateral tariff measu... 

China Caixin Services PMI for March 2025 is 51.9 (prior 51.4)

China's services sector activity rose to a three-month high in March, with the Caixin/S&P Global Services PMI climbing to 51.9, up from 51.4 in February. The improvement was driven by stronger dom... 

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FX option expiries for 2 April 10am New York cut

There is just one to take note of on the board, as highlighted in bold . That being for EUR/USD closer to the 1.0800 level. The focus in markets today is on Liberation Day in the US, so that should ke... 

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