Wayne Call
Sydney (Reuters) -The Yen made a wide range of profits on Thursday, as Japan seemed to be steady to keep raising interest rates as others were reduced.
The circle was almost the only Mover in Asia. The dollar was 154.61 to 0.4 %, and the euro was the same as 161.10 yen.
Other than that, a single currency was traded almost flat at $ 1.0416, and tested about $ 1.0380 overnight when the federal preparation system relieved cycle.
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The market is 50 Basis points, considering how weak the EU economy is to trim 25 Basis points in order to reduce 25 Basis points to 2.75 % in the second half of Thursday. There is even a slight possibility.
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“The European inflation pulse has evaporated and the risk of sustainable inflatement is material,” ANZ analysts warned.
“The complex economic and political issues facing the largest economy in the Euro area increase ECB’s responsibilities to support growth.”
This is one of the reasons why the market is set to be further reduced in March, April and June, and about 90 Basis points are alleviated in 2025.
ECB President Christine Lagarde has been able to pose a new pressure on the euro to affirm such a tremendous outlook at her media meeting in the second half of Thursday.
In contrast, the Bank of Japan’s Deputy Governor Ryozo Himino said on Thursday that if the economy and prices move in accordance with bank forecasts, the Japanese central bank will continue to raise interest rates.
Powell analysis
The dollar temporarily increased overnight when the Fed was described as “progress” in inflation, which was considered Hawkish.
However, Chairman Jerome Powell said that he was still using his media conference, the rate was more meaningful than neutral, and there was still a lot of room to reduce. I am.
As a result, the Fed Fund’s futures still implies about 48 basic points of this year’s easing compared to this year’s 49 Basis points. The next movement is not expected until June, and the probability of cut is 73 %.
It is expected that data on US forward GDP will show a modest pullback of growth to 2.6 % a year in the fourth quarter by paying GDP in the latter half of Thursday, but forecasts 1.7 % to 3.2 %. It suggests the surprising possibility of demonstrating the market within the scope of.
The suspension of the Fed was caused by both Canada and Sweden, which was reduced in a quarter of a night, but has been removed a guidance on the future easing to grasp the uncertainty about US tariff policies. 。
The Howard Lutonic, a candidate for President Donald Trump’s Ministry of Commerce, avoids urging US tariffs on Wednesday, if Canada and Mexico act quickly to close the border to Fentanil. He said he could.
Following the opposite direction of the rate, Brazil Central Bank became 13.25 % overnight, making it more flagged in the future. Such a high yield appeal was about 5 % of the actual rally since the start of the New Year.
Others elsewhere, Australian dollars decreased by 0.18 % on the day, and kiwi decreased by 0.27 % to $ 0.5643.
(Report by Wayne Coleediting by SHRI NAVARATNAM and Michael Perry)
Disclaimer: This report is automatically generated from the Reuters News Service. The print is not responsible for the content.
