Japan Revises Economic Growth Forecast Down to 0.9% for Fiscal 2024

The GDP is expected to grow 3.0% in nominal terms, the Cabinet Office reported Friday.

MT Newswires06:27 ET

Bank of Japan suspected market intervention, rare large-scale withdrawal of short-selling camp by hedge funds for over ten years.

During the week ending on July 16, the net short positions of Japanese yen in leveraged funds decreased by 38,025 contracts, the largest reduction since March 2011.

Zhitong Finance00:15 ET

Japanese Yen Declines Despite Rising Odds of BoJ Raising Interest Rates

The Japanese Yen (JPY) remains weak on Monday, extending its losing streak to a third consecutive session.

FXStreet23:19 ET

HSBC is expected to cut interest rates by 25 basis points this week, and the US and Canada are expected to break through 1.3750 and reach 1.3900!

In the survey from July 16th to 19th, nearly three-quarters of the surveyed economists expected the Bank of Canada to cut interest rates by 25 basis points on Wednesday this week. The surveyed economists also predict that the Bank of Canada will pause its easing cycle at the September meeting, and then resume interest rate cuts in October and December. Forex analyst Saqib Iqbal pointed out that if the USD/CAD breaks through the 1.3600 support and 1.3750 resistance range, it will return to the key level of 1.3900.

FX678 Finance22:23 ET

Japan's Core Inflation Perks Up, Keeps BOJ Rate Hike Hope Alive

The core consumer price index (CPI), which strips away the effect of volatile fresh food prices, rose 2.6% in June from a year earlier, slightly below market forecasts for a 2.7% gain.

Business Today22:23 ET

Canada Producer Prices Flat in June, Raw Material Costs Slide

Excluding energy products, producer prices edged up 0.1% on-month, the data agency said Friday.

WSJJul 19 10:55 ET