Fitch affirms Japan ‘A’ rating affirmed, outlook stable

The US-based Fitch ratings, in its latest report on the Japanese economy, affirmed Japan’s ‘A’ sovereign rating while maintaining a ‘stable’ outlook. Key Highlights: Affirmed Japan's long-term foreign-currency issuer default rating (idr) at 'a' with ...

EU leaders close to completing package to save Iran deal – Reuters

European leaders are close to clinching a package to save the Iran deal, according to reporting to Reuters, and EU powers are trying to keep the US from pulling out of the deal. Key quotes "French President Emmanuel Macron called on the United States on Wednesday not to abandon the Ira ...

Japanese gov’t minister: BoJ needs to drop 2% target

 Seiko Noda, Japan's Minister for Interal Affairs, spoke up today about the Bank of Japan's inflation target, claiming that it might be time for Japan's central bank to take a break from their easing efforts. Key highlights BoJ's action plan to hit 2% inflation target i ...

Australia Import Price Index (QoQ) came in at 2.1%, above expectations (1.3%) in 1Q

Australia Export Price Index (QoQ) came in at 4.9%, above forecasts (4.1%) in 1Q

AUD/JPY still can’t break through 83.00

The Aussie is looking for a way higher as the Yen holds steady. BoJ rate decision on Friday already has traders looking forward. The AUD/JPY has been leaning ever-so-slightly to the bullish side despite middling on the charts for the current week, and the pair is currently trading just shy o ...

USD/JPY: the cloud top is anchoring the bulls, 110 out of range?

USD/JPY: bulls losing their grip through the cloud top. USD/JPY: 110 on the cards or what will it take? USD/JPY is offered in Tokyo, where the bulls have not got the stamina to maintain the bid above the cloud top. Currently, USD/JPY is trading at 109.33, down -0.08% on the day ...

USD/JPY: a BREAK of 109.30 opens 110 – UOB

Analysts at UOB Group explained that despite the pullback from the high, the current undertone in USD/JPY remains solid. Key Quotes: "We continue to expect USD to stay supported for now." "A break of 109.30 would indicate that USD is ready for a move to 110.00. Only a break of 108.1 ...

Moody’s affirms United States AAA rating – Reuters

As reported by Reuters, Moody's rating agency has reaffirmed the United States' triple-A rating, though not without some caveats. Key quotes: "Ratings agency Moody’s on Wednesday maintained the United States’ top-notch “Aaa” credit rating, saying th ...

NZD/USD continuing to sag, 0.70 on the cards if bulls don’t step in

Kiwi is looking for bidders after another day of declines against the Greenback. NZ trade balance figures could give the Kiwi a much-needed boost if the numbers can beat expectations. The Kiwi is trading near the bottom against the US Dollar, testing around the 0.7075 region heading int ...

AUD/USD heading for 0.75?

Aussie down against rising USD, but looking for a bounce. Bond yields are pushing the Greenback higher across the board. The AUD/USD is trying to catch a bounce in the overnight session, trading into 0.7570 after declining once again in Wednesday's action. The Aussie continued to fal ...

RBNZ has a green light to be upbeat -TDS

Analysts at TD Securities explained that the NZD OIS is flat at the 1.75% official cash rate (OCR), then barely 50% priced for+25bp by February 2019. Key Quotes: "Consensus does not expect newly-minted RBNZ Governor Adrian Orr to hike until the middle of next year, at the earliest." ...

Japan Foreign investment in Japan stocks: ¥480.4B (April 20) vs ¥308.3B

Japan Foreign bond investment: ¥950.3B (April 20) vs ¥797.6B

South Korea Gross Domestic Product Growth (YoY) came in at 2.8%, below expectations (2.9%) in 1Q