Japanese CPI

Spooky Friday

October 21, 2022

With Halloween just ten days away, investors are hitting the weekend in a very defensive mood. Philadelphia Federal Reserve President Harker added to the hawkish drumbeat, predicting a Fed rate above 4% by December. Dollar strength against a whole spectrum of other currencies is casting a big shadow over expected corporate earnings in the coming […] More

Dollar Gain Fueled by Higher Interest Rates, but Stocks and Bitcoin End Week on Very Sour Note

August 19, 2022

Ten-year sovereign debt yields soared overnight by 13 basis points in Germany and the U.K. and by 8 bps in the United States. A parade of remarks from Fed officials to dissuade any thought of an early end to aggressive monetary tightening was backed up by hawkish FOMC minutes released this week. The dollar appreciated […] More

Rising Inflation Dampening the Mood of Consumers Around the World

May 20, 2022

Amid bear markets, investors periodically test the waters in search of good values. Today has been one such day. The week will end with huge net share price declines, but on this Friday equities closed up 3.0% in Hong Kong, 2.9% in India, 1.8% in South Korea, 1.6% in China and Singapore, 1.4% in Indonesia […] More

Dollar Strengthens With Fed Perceived Likely to Widen Disparity Between its Policy Stance and Those of Other Central Banks

April 22, 2022

Federal Reserve Chairman Powell and other Fed policymakers continue to go out of the way to encourage speculation that a series of 50-basis point interest rates are on the way. The European Central Bank is also shifting priorities but transitioning at a much slower pace. The Bank of Japan is dug in, committed to an […] More

A Turn for the Worse in Ukraine-Russian Conflict Sends Dollar Up and Equities Down

March 18, 2022

Hopes had been kindled early this week by reports of progress in cease-fire talks, but those signs have not panned out, and a new worry is that China is moving closer to supporting Putin’s imperialistic ambitions. The Central Bank of Russia did not raise its 20% policy rate further at today’s scheduled review, claiming that […] More

More Data and Continuing Confusion Regarding Russian Intentions

February 18, 2022

The dollar rose 0.3% and 0.2% overnight against the Turkish lira and Japanese yen but fell 0.2% relative to the loonie, Australian dollar, Mexican peso and Chinese yuan. There’s been no net change against the pound sterling and Swiss franc, nor in the weighted DXY dollar index. Equities sold off heavily yesterday on fears of […] More

Rout of Risky Assets Continues

January 21, 2022

The third week of January has seen relentless selling pressure against riskier financial assets, and Friday is not providing any respite. At next Wednesday’s post-FOMC press conference, Fed Chairman Powell is widely expected to signal a likely rate hike in March and other coming steps to rein in the accommodative policy stance. Equities around the […] More

Japan Bucking the 2021 Trend to Higher Inflation Around the World

November 19, 2021

The sharper-than-forecast rise of inflation almost everywhere and recent further intensification of price pressures in many places has been a big mystery and source of great dispute over the trend’s future evolution. A centrally dynamic role of oil and food prices, as was the case in the 1970s, is magnifying inflationary fears, but there are […] More

Dollar Ending Pre-Thanksgiving Week on a Strong Note, but Equities and Bond Yields Wobbly

November 19, 2021

The weighted DXY dollar index advanced 0.4% overnight, climbing 0.7% against the euro, 1.2% versus the Turkish lira, 0.5% relative to the Australian dollar, kiwi and sterling, 0.4% vis-a-vis the Canadian dollar but just 0.1% against the Swiss franc, which traditionally thrives when global inflation becomes a concern. News today on the Covid-19 front has […] More

Evergrande Misses Payment and Some Disappointing Data Reported

September 24, 2021

The dollar rose against most currencies overnight, including gains of 0.7% against the Aussie dollar, Mexican peso and Turkish lira, 0.6% relative to the New Zealand dollar, 0.3% vis-a-vis the loonie and sterling and 0.2% against the Japanese yen. But dips of 0.2% versus the euro and 0.1% against the Swissie suppressed net movement in […] More

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