USD/JPY slides toward 156.60 as safe-haven Yen gains on Middle East tensions

USD/JPY slides toward 156.60 as safe-haven Yen gains on Middle East tensions

The USD/JPY pair fell toward the 156.60 region on Friday, as the Japanese Yen (JPY) gained modest support from safe-haven flows despite resilient United States (US) labor-market data limiting broader downside pressure on the US Dollar (USD). Market sentiment turned cautious after Fox News reported that the US military carried out additional airstrikes targeting several […]

Iran submits proposal to end war in current negotiation phase

Iran submits proposal to end war in current negotiation phase

Iran has sent its response to the United States (US) proposal via Pakistan on Sunday, according to the Islamic Republic News Agency (IRNA). Sources familiar with the matter and as reported by Reuters, the current efforts are aimed at a temporary memorandum of understanding to halt the war and allow traffic through the Strait of […]

Monsoon risks and RBI stance – DBS

Monsoon risks and RBI stance – DBS

DBS Group Research economist Radhika Rao assesses how a projected below normal monsoon in India, linked to a strong El Niño, could affect growth and inflation. She notes that only a significant rainfall shortfall tends to materially hit output, while higher irrigated area and ample foodgrain stocks offer mitigation. Rao expects the RBI to keep […]