Today’s Forex Focus: SNB rate decision, US GDP, and Tokyo CPI inflation in Japan ahead
The US dollar saw a rise on Wednesday, leading to increased risk aversion across the market. Central banks globally are navigating through economies that are growing at different speeds, many of them combating a notable slowdown in economic activity. Simultaneously, persistent global inflation indicators remain high, complicating the effectiveness of several standard policy responses. The […]
Trump reduces tariffs on Japanese cars following trade agreement with Tokyo
Trump Reduces Tariffs on Japanese Cars President Trump announced a significant trade agreement on Thursday, which includes a reduction in tariffs on Japanese automobiles from 27.5% to 15%. This move is expected to ease pressure on major manufacturers like Toyota, Honda, and Nissan while concurrently opening up Japanese markets to American rice and agricultural products. […]
USD/JPY slips down before Tokyo CPI and US PCE inflation data.
The Japanese yen is expected to strengthen, potentially pushing USD/JPY below the significant level of 147.00. The US dollar faces pressure due to concerns regarding the Federal Reserve’s independence and uncertainties about its monetary policy outlook, compounded by unclear US GDP and employment data. Attention will turn to upcoming reports on PCE and Tokyo CPI, […]
Japanese Yen declines further from two-week peak against USD due to weaker Tokyo CPI.
After a lukewarm Tokyo CPI report, the Japanese Yen sees some selling pressure. Increased USD buying helped lift the USD/JPY pair. Positive sentiment around US trade agreements and BOJ rate hike expectations may curb JPY declines. The Japanese Yen (JPY) continues its retreat against the strong US Dollar (USD), pushing the USD/JPY pair into the […]
Brad Pitt and Ines de Ramon go shopping in Tokyo after his Los Angeles house was broken into by intruders
Brad Pitt Spotted Out After Home Burglary Brad Pitt was seen enjoying a relaxed date in Tokyo following a recent burglary at his Los Angeles residence. The actor, in town for the premiere of his film “F1,” went shopping alongside his girlfriend Ines de Ramon. He looked pretty casual in a collared grey shirt paired […]
Asia-Pacific FX news summary: Tokyo inflation decreases but stays significantly above the target
China’s industrial profits saw a decline of 1.1% year-over-year for the period from January to May 2025, a notable drop from the previous increase of 1.4%. In Japan, retail sales increased by 2.2% year-over-year, falling short of the expected 2.7% gain. The unemployment rate in Japan stands at 2.5%, aligning perfectly with forecasts. Tokyo’s consumer […]
Tokyo Man Following Stabbing Incident Near University
A man wielding a knife was arrested in Tokyo this week after expressing a desire to warn parents nationwide about the detrimental effects of strict parenting, stemming from his own difficult childhood, according to Japanese media. The 43-year-old faces attempted murder charges for allegedly attacking a man in his twenties on Wednesday at Todaimate Station, […]
Man in Tokyo Attends Japan’s Expo 2025 with 85-Year-Old Ticket from 1940
A man was acknowledged at the Japanese World Expo for tickets to the 1940 event, which ended up being canceled due to the worsening war situation, according to organizers. Tickets for the “Magic Japanese International Expo” in Tokyo were made available in 1938, but the event was indefinitely postponed as Japan became more involved in […]
A Chinese Helicopter Entered Japan’s Airspace. Here’s How Tokyo Responded.
Tokyo Issues Protest Against Beijing Over Airspace Violation Tokyo has lodged a protest against Beijing following an incident where Chinese helicopters reportedly “violated” Japanese airspace, alongside the entry of four Chinese ships into the territorial waters surrounding a disputed island. The islands in the East China Sea, referred to as Ziayu in China and Senkaku […]
30 years after deadly Tokyo subway gassing, survivors and victims’ families still seeking closure
Thirty years after the fatal sarin nerve gas attack on the Tokyo subway network, survivors and their families who have lost their loved ones are still seeking justice. When members of the cult released sarin nerve gas on a subway train in the capital on March 20, 1995, 13 people died and thousands became ill […]