Online Forex broker
On Friday, the Japanese yen drifted away from a two-week maximum versus the evergreen buck after North Korea told that it was still open for negotiations with the United States.
Although safe assets such as the Japanese yen and the Swiss franc rallied on Thursday in response to rising political tension after US President Trump told that his meeting with North Korean leader Kim Jong-no, initially scheduled for June 12, might not take place.
The US leader accused North Korea of canceling the negotiations and told about Pyongyang's open hostility. He also warned that the US military was ready to respond in case of any reckless actions by North Korea.
However, after North Korea stated that it was open for talks during the early Asian trading session, the risk of worsening sentiment dived a bit.
The Japanese yen slumped at the beginning of Asia trade after peaceful comments by North Korea's Deputy Foreign Minister Kim Ki Gwan.
Also, the weakening of the Japanese yen, to some extent, was caused by weaker than anticipated inflation data in the Tokyo region.
As the Japanese government informed, inflation in the Tokyo region, excluding the price of fresh food, also known as basic inflation, tacked on by 0.5% in May, compared with 0.6% per annum in April.
Now the figure is at the lowest value since September last year, questioning the probability that inflation will ever be able to hit the Bank's 2% annual objective.
Excluding prices for fresh food and energy, inflation in the capital went up by only 0.2% during the year, again below the 0.3% level demonstrated a month earlier.
Besides this, initial inflation, including all positions, tacked on by 0.4% compared to the previous year, which is below the 0.5% reading published in April.
April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.
The first days of May suggest the month will be risk-off for the GBP/USD. Here is why.
UK Prime Minister was placed in the intensive care. As a result, the British pound plummeted dramatically today.
The European central bank will publish the main refinancing rate and make a statement on Thursday, July 16, at 14:45 MT time. Also, the ECB’s press conference will be later at 15:30 MT time.
Optimism about the Moderna vaccine improved the market sentiment. Let’s have a closer look, what’s happening today.
The Canadian central bank will announce interest rates and make a speech on Wednesday, July 15, at 17:00 MT time. Also, the BOC press conference will be later at 18:15 MT time.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
