Thursday, 20 July 2023

Japanese Yen Steady After CPI; USD/JPY, AUD/JPY, CAD/JPY, MXN/JPY Price Action

The Japanese yen was steady even as price pressures in Japan re-accelerated last month amid the growing view that inflation is peaking. What does this mean for USD/JPY, AUD/JPY, CAD/JPY, and MXN/JPY?

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...