News
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Japan's stocks zoom, yen slumps as Takaichi win dims BOJ hike bets
Nikkei surges past 48,000 after Takaichi's electionMarket bets for BOJ rate hike fallYen weakens, bond yields fluctuate amid policy expectationsBy Rocky Swift and Junko Fujita TOKYO, Oct 6 (Reuters) - Japanese shares surged to a record high on Monday, while the yen and long-term bonds tumbled...Reuters
Mon, Oct 6
CORRECTED-Deutsche, Goldman stop long Japanese yen trade recommendations after Takaichi win
Oct 6 (Reuters) - Currency strategists at Deutsche Bank and Goldman Sachs have closed long Japanese yen trade recommendations after the country's ruling party picked Sanae Takaichi as its head. "We went long (Japanese yen) ... but are now getting out following the LDP election outcome this w...Reuters
Mon, Oct 6
GBP/JPY gathers strength above 201.50 as Sanae Takaichi wins LDP election
The GBP/JPY cross climbs to around 201.70, the highest since July 2024, during the early European session on Monday. The Japanese Yen (JPY) weakens against the Pound Sterling (GBP) as a ruling-party vote for Sanae Takaichi to become Japan’s next Prime Minister.
Fxstreet
Mon, Oct 6
USD/CHF ticks down to near 0.7950 despite recovery in US Dollar
The USD/CHF pair edges down to near 0.7955 during the late Asian trading session on Monday. The Swiss Franc pair faces slight selling pressure even as the US Dollar (USD) recovers firmly, suggesting significant strength in the Swiss Franc (CHF).
Fxstreet
Mon, Oct 6
FOREX-Yen, bonds sell off as Takaichi win spurs bets on fiscal easing
Takaichi set to become Japan's first female prime ministerTakaichi's policies may cause delay to BOJ's rate hike plansEuro hits strongest level against yen since single currency's creationFed funds futures imply 94.6% chance of October U.S. rate cutBy Gregor Stuart Hunter SINGAPOR...Reuters
Mon, Oct 6
EUR/JPY Price Forecast: Reaches fresh all-time highs above 176.00
EUR/JPY opened at a gap-up, extending its gains and trading around 176.20 during the Asian hours on Monday. The technical analysis of the daily chart indicates strengthening of a bullish bias as the currency cross has broken above the ascending channel pattern.
Fxstreet
Mon, Oct 6
Takaichi could tolerate another BOJ rate hike by January, economic adviser says
TOKYO, Oct 6 (Reuters) - Sanae Takaichi, who is set to become Japan's new prime minister, will likely tolerate another 25-basis-point interest rate hike by January next year if the economy is in firm shape, said Takuji Aida, who is widely considered as among her closest advisers on economic poli...Reuters
Mon, Oct 6
Japanese Yen sinks as Takaichi's win sparks fiscal easing bets, tempers BoJ rate hike bets
The Japanese Yen (JPY) slumps across the board at the start of a new week in reaction to the outcome of Japan's ruling Liberal Democratic Party (LDP) leadership election, which positions Sanae Takaichi to become the first female Prime Minister.
Fxstreet
Mon, Oct 6
Australian Dollar holds gains following TD-MI Inflation Gauge report release
The Australian Dollar (AUD) gains ground against the US Dollar (USD) following the release of the TD-MI Inflation Gauge data, suggesting that inflation may come in hotter than anticipated in the third quarter, despite the Reserve Bank of Australia's (RBA) efforts to keep inflation within its 2–3% ta
Fxstreet
Mon, Oct 6
FOREX-Yen, bonds selloff as Takaichi win spurs bets of fiscal easing
Takaichi set to become Japan's first female prime ministerTakaichi's policies may cause delay to BOJ's rate hike plansEuro hits strongest level against yen since single currency's creationFed funds futures imply 94.6% chance of October U.S. rate cutBy Gregor Stuart Hunter SINGAPOR...Reuters
Mon, Oct 6
NZD/USD holds gains above 0.5800 on worries over US government shutdown
The NZD/USD pair trades on a positive note around 0.5825 during the early Asian session on Monday. The fears of a prolonged US government shutdown continue to drag the US Dollar (USD) lower against the New Zealand Dollar (NZD).
Fxstreet
Mon, Oct 6
FOREX-Yen sinks as Takaichi win spurs bets of fiscal easing
Takaichi set to become Japan's first female prime ministerTakaichi's policies may cause delay to BOJ's rate hike plansEuro hits strongest level against yen since single currency's creationFed funds futures imply 94.6% chance of October U.S. rate cutBy Gregor Stuart Hunter SINGAPOR...Reuters
Mon, Oct 6
Japan's Nikkei surges to record after election win by fiscal dove Takaichi
By Junko Fujita and Rocky Swift TOKYO, Oct 6 (Reuters) - Japan's Nikkei share gauge surged past the 46,000 level for the first time on Monday after fiscal dove Sanae Takaichi was elected to lead the ruling party and become the next prime minister.The Nikkei 225 Index .N225 jumped 2.8% to 47,0...Reuters
Mon, Oct 6
USD/JPY rises above 149.50, Takaichi wins as Japan's Prime Minister may delay BoJ rate hikes
The USD/JPY pair climbs to near 149.65 during the early Asian session on Monday. The Japanese Yen (JPY) faces some selling pressure against the Greenback after a ruling-party vote for Sanae Takaichi to become Japan’s next Prime Minister.Fxstreet
Sun, Oct 5
AUD/USD strengthens to near 0.6600 as US government shutdown raises uncertainty
The AUD/USD pair trades in positive territory around 0.6590 during the early Asian session on Monday. The US Dollar (USD) weakens against the Australian Dollar (AUD) amid uncertainty surrounding a US government shutdown and delayed key data releases.Fxstreet
Sun, Oct 5
