Japanese Yen struggles as higher Oil prices and a wide US-Japan rate gap weigh

Japanese Yen struggles as higher Oil prices and a wide US-Japan rate gap weigh

USD/JPY trades flat on Friday, holding near four-decade highs as the Japanese Yen struggles to attract buyers amid persistent headwinds, including higher Oil prices, Japan’s wide interest-rate gap with other major economies and a resilient US Dollar (USD). The Yen found brief support after Japanese Prime Minister Sanae Takaichi echoed Finance Minister Satsuki Katayama’s call […]

Burnham policy hopes underpin Sterling against US Dollar – Scotiabank

Burnham policy hopes underpin Sterling against US Dollar – Scotiabank

Scotiabank’s Shaun Osborne and Eric Theoret notes GBP/USD is lower on the day and well off its one-year high reached on optimism that incoming PM Burnham will pursue market-friendly policies. Despite late-week slippage, that view remains. The new government is expected to allow new North Sea drilling and bring Thames Water back under public control, […]