Fundamental Analysis Category

China’s May Retail Sales Exceed Expectations; Industrial Output and Investment Lag In May, China’s retail sales outperformed expectations, increasing by 3.7% year-on-year, surpassing the anticipated 3% rise forecasted by a Reuters poll of economists. This robust retail performance indicates resilient consumer spending despite broader economic challenges. However, other key economic indicators did not fare as

Japanese Yen’s Downside Limited by Rising Producer Prices The Japanese Yen (JPY) extended its losing streak for the fourth consecutive session on Wednesday, with the USD/JPY pair strengthening as investors favored the US Dollar (USD) ahead of the Federal Reserve’s (Fed) decision and the release of US inflation figures for May, scheduled for later in

Yen Subdued as USD Advances on Risk Aversion The Japanese Yen (JPY) continued its downward trend for the second consecutive trading day on Monday, with the USD/JPY pair finding support as the US Dollar (USD) regained strength. This resurgence in the USD follows the release of better-than-expected US employment data last Friday, which bolstered market

Yen Consolidates as Suzuki Signals No FX Intervention Limit On Friday, the Japanese Yen (JPY) consolidated following the release of Japanese Foreign Reserves for May by the Ministry of Finance, which showed a significant drop to $1,231 billion from $1,279 billion. This marks the lowest level since February 2023, as the government engaged in foreign

Australian Dollar Rises on Risk-On Sentiment and Strong China Services PMI The Australian Dollar (AUD) gained ground on Wednesday, bolstered by improved risk sentiment and a stronger-than-expected China Services PMI. However, the upward momentum of the Aussie Dollar may be constrained by weaker-than-anticipated domestic economic data. The Gross Domestic Product (GDP) for the first quarter