Exchange rates and the trade balance
USDJPY, EURJPY, GBPJPY and JP225, H1 The latest data release has not been good for Japan. The trade deficit has worsened to YEN231 bln, compared to the consensus expectation of…
Sterling briefly jumps on good Retail Sales
GBPUSD, H1 UK July retail sales rebounded from June weakness more than expected, with sales expanding 0.7% m/m after contracting by 0.5% in the month prior. The median forecast had…
Macro Events & News
FX News Today Asian Market Wrap: 10-year Treasury yields are up 1.8 bp at 2.880%, 10-year JGBs up 0.7 bp at 0.094% as of 05:35GMT, as stocks move up from early…
USDJPY breaks 111.00 level after the US releases
USDJPY, H1 The Dollar headed slightly higher following the mix of data, where retail sales beat expectations, productivity was higher than forecast, and unit labor costs printing a negative outcome. The…
Lira returns below 6
USDTRY, H4 The Turkish Lira has rallied for a second day, this time by 6% and driving USDTRY below 6.0. This puts it some distance from the record high the…
UK: Markets focused on the unchanged core CPI
GBPCHF and GBPUSD The median forecast had been for an unchanged 2.4% reading.UK July CPI came in slightly warmer than expected at 2.5% y/y in the headline reading, up from 2.4%…