The post Japanese Yen barely blinks as Tokyo CPI prints to script appeared on BitcoinEthereumNews.com.
The Yen got the data it had been waiting on, and proceeded to do almost nothing with it. Tokyo CPI for May landed at 1.6% YoY on the headline measure, with the core reading excluding fresh food holding at 1.5% YoY (matching April’s four-year low) and the core-core measure (excluding fresh food and energy) steady at 1.9% YoY. All three came in essentially in line with what positioning desks had penciled in, and all three remain below the Bank of Japan’s (BoJ) 2% target. The Yen’s reaction was a shrug, and that shrug is the entire story. Three measures, no signal The April print had set the bar this low for a reason. April’s collapse in core-core to 1.9% YoY from 2.3% YoY was the print that pushed June hike pricing meaningfully out, and May simply confirmed there was no quick rebound coming. Energy subsidies are still capping petrol prices, food disinflation is filtering through, and th
Exploring how unifying scientific theories could revolutionize technology and energy while posing ethical challenges.
The post Don Lincoln: The quest for unification in physics, how Newton linked celestial and terrestrial gravity, and the pivotal role of electromagnetism in technology | Lex Fridman Podcast appeared first on Crypto Briefing.
The post Japanese Yen: Approaching intervention zone against USD – Societe Generale appeared on BitcoinEthereumNews.com.
Societe Generale analysts note USD/JPY grinding towards 160 as widening 2-year UST/JGB spreads dominate over Oil moves for the Japanese Yen (JPY). The pair trades within 1% of the late-April intervention level, with markets assuming a 25 bp Bank of Japan (BoJ) hike in June. They highlight key intraday support, resistance and sizeable option expiries. Spreads drive Yen weakness “Spot advances to new May high tracking oil, US yields. Support 158.70, resistance 160.70.” “In G10 FX, it is puzzling to observe USD/JPY grinding towards 160, tracking the re-widening in 2y UST/JGB spread to 270bp.” “The level in spreads is not insignificant technically and corresponds with the previous high of Nov-25. It also demonstrates that bond spreads hold greater sway at present over oil prices in the case of the Yen.” “Hawkish declarations by Governor Ueda earlier this week appear to h
The post EUR/JPY Price Forecast: Loses momentum to near 185.00, but bias stays bullish appeared on BitcoinEthereumNews.com.
The EUR/JPY cross loses momentum to near 185.10 during the early European session on Thursday. Escalations in the US-Iran conflict boost the safe-haven currency, such as the Japanese Yen (JPY) and act as a headwind for the cross. CNN reported on Thursday that Iran’s Islamic Revolutionary Guard Corps (IRGC) launched an attack targeting an American air base, which they said was the source of US strikes on Iranian targets hours before. The US strikes targeted Iranian drones and a launch site near the Strait of Hormuz. Traders will keep an eye on the Tokyo May Consumer Price Index (CPI) inflation report, which is due later on Friday. In case of a softer-than-expected Tokyo CPI print, this could drag the Japanese Yen lower against the Euro (EUR) in the near term. Technical Analysis: In the daily chart, EUR/JPY holds a mild bullish bias as it trades above the 100-day
Rebuilding US manufacturing could reshape investment flows, but operational challenges in workforce, energy, and infrastructure remain critical.
The post McKinsey estimates $2T needed to rebuild US manufacturing capacity appeared first on Crypto Briefing.
Rebuilding US manufacturing could reshape investment flows, but operational challenges in workforce, energy, and infrastructure remain critical.
The post McKinsey estimates $2T needed to rebuild US manufacturing capacity appeared first on Crypto Briefing.
The global renewable energy market generates trillions of dollars in output each year — yet its underlying infrastructure remains stubbornly pre-digital.
Exclusive: Chancellor pushes for procurement of ships, steel, energy and AI to prioritise Britishness as well as cost
Rachel Reeves has instructed cabinet colleagues to award government contracts in four critical industries directly to British companies, making clear her irritation that ministers have been sending too much government business abroad.
In a letter seen by the Guardian, the chancellor tells every cabinet minister in charge of a spending department to “buy British” wherever possible, adding that she is disappointed they are not already doing so.
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