Equities and bond yields are rising as hopes rise that the US will avoid a double-dip recession.
USD/JPY and EUR/JPY are firming on the news, a typical “risk on” reaction.
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Weekly jobless claims fall to 451,000, trade deficit falls to $42.8 bln
Weekly jobless claims fall to 451,000, trade deficit falls to $42.8 bln
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- In-line CPI report leads to a blockbuster day for US stock markets
- US stocks open higher led by the NASDAQ index
- USD/JPY sent for a spin but now moving higher as BOJ rate hike odds fade
- Brazil's central bank hikes rate to 12.25% (from 11.25% and vs. 12% expected)
- USD/JPY looks to US CPI report to potentially break ping pong range
- BOJ reportedly erring towards keeping interest rates unchanged next week
- USD/JPY back above 153.00
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