Japanese CPI

Concerns about Rising Chinese Interest Rates

October 25, 2013

Short-term Chinese money market rates climbed higher overnight to multi-month highs.  The People’s Bank of China introduced a new prime lending rate. Key data releases this Friday include Japanese consumer prices, the German IFO business climate index, British 3Q GDP, and Euroland money and credit. Comments from the governor of the Reserve Bank of New […] More

A Sea of Data Fails to Stir the Dollar

August 30, 2013

The dollar is unchanged against the euro, kiwi, yuan and sterling and down just 0.1% versus the yen, loonie, Australian dollar and Swiss franc. The big overnight news was a vote by Britain’s House of Commons not to participate in a military strike on Assad’s forces in Syria.  This has made the U.S. response and […] More

Stronger Yen

July 26, 2013

The yen is 0.7% stronger against the dollar and hit an overnight high of 98.26/USD following the release of Japanese CPI figures.  Both total (up 0.2% from June 2012) and core CPI inflation (+0.4%) were positive.  Deflation seems to be disappearing faster than anyone imagined. Tokyo consumer prices in July were 0.2% higher than in […] More

Inflation in Japan and Canada: Too Little of a Bad Thing

January 25, 2013

Conservatives around the world have been warning since 2009 that heavy doses of monetary accommodation and fiscal deficit spending will lead to an unacceptably large increase of inflation.  The major surprise on the price front in country after country has been lower-than-anticipated inflation.  Analysts and politicians have been hard-wired to believe that inflation is intrinsically […] More

New Lows for Yen & Sterling and Highs for Euro

January 25, 2013

Currencies hit new 2013 extremes overnight.  The yen fell as low as 91.03 per dollar and 122.315 per euro.  The euro touched a high of $1.3465, while sterling slipped as low as $1.5746. On balance since the Thursday close, the dollar rose 0.6% against the yen, 0.2% versus the loonie, and 0.1% relative to the […] More

Markets Watching Summit of EU Leaders

March 25, 2011

Commodity currencies fell Friday after rising Thursday.  New Zealand, Australian and Canadian dollars are 0.5%, 0.3% and 0.2% lower. A carry trade-friendly environment in which low-yielding currencies fund such positions is taking shape.  The U.S. dollar rose 0.6% against the Swiss franc and 0.4% relative to the yen.  The dollar elsewhere is up 0.1% against […] More