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EUR/JPY remains stronger near 184.50 following Tokyo inflation data
EUR/JPY gains ground after registering 1.88% losses in the previous day, trading around 184.40 during the Asian hours on Friday. The currency cross advances as the Japanese Yen (JPY) weakens following mixed Tokyo inflation data.
Fxstreet
Fri, May 1
US Dollar Index posts modest gains above 98.00 on hawkish Fed pause despite weaker US GDP
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 98.15 during the Asian trading hours on Friday. The DXY posts modest gains on a hawkish hold from the US Federal Reserve (Fed).
Fxstreet
Fri, May 1
Japan’s Mimura: In close contact with US on foreign exchange
Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said on Friday that he had no comment on foreign exchange intervention and crude oil futures. Mimura added that the official is in close contact with the United States (US) on currency.
Fxstreet
Fri, May 1
Rising inflation and slowing growth put ECB and BoE in a bind
The European Central Bank (ECB) and the Bank of England (BoE) may operate in different economies, but this week’s meetings delivered a strikingly similar message: inflation risks are creeping back just as growth is losing momentum, giving some belief to the idea that a stagflationary scenario could
Fxstreet
Thu, Apr 30
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