PBOC sets USD/CNY reference rate at 7.1030 vs. 7.1214 previous

On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1030, as against the previous day's fix of 7.1214 and 7.1048 Reuters estimates.

Sep 13, 2024

USD/JPY slides below mid-141.00s, seems vulnerable near YTD low amid bearish USD

The USD/JPY pair weakens further below mid-141.00s during the Asian session on Friday and has now moved back closer to the YTD low touched earlier this week.

Fitch expects BoJ interest rate at 0.75% by 2025

Fitch Ratings said in its latest report on the Bank of Japan’s (BoJ) policy outlook that the “BoJ could hike rates to 0.5% by the end of 2024, 0.75% in 2025 and 1% by end-2026.” Additional takeaways BoJ is bucking the global trend of policy easing and hiked rates more aggressively than we had anticipated in July.