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The Japanese yen continued its recent volatile pathway, with comments from BoJ Governo Ueda sending the currency sharply higher on the prospect of tighter monetary policy to come. The discussion over an end to negative rates in the event of an inflation and growth overshoot does raise the possibility of an eventual exit from the […]

The Japanese Yen has come under renewed pressure this morning, as markets digested data that dampened expectations around both consumer and corporate spending prospects. A surprise downward revision to second-quarter GDP saw growth of 1.2% (from 1.5%), primarily driven by a 1% decline in capital expenditure. Meanwhile, a underwhelming 1.3% cash earnings figure for July […]

Sentiment throughout Asia and Europe has taken on a pessimistic tone, feeding through from the US. Overnight trade data saw both Chinese and Australian surpluses decline, with both nations seeing their balance shift in favour of imports. However, we are seeing some signs of improvement, with year-on-year Chinese exports in particular shifting from -14.5% to […]