Danske Research Team
Danske Bank A/S
Majors
EUR/USD: ADJUST BUY AT 1.2350 FOR INITIAL 1.2602 STOP AT 1.2272
USD/JPY: SELL AT 120.08 FOR INITIAL 117.86; STOP AT 121.05
GBP/USD: LOOK TO SELL
USD/CHF: LOOK TO SELL
AUD/USD: SHORT AT .8566 FOR REVISED .8083, REVISE STOP AT .8420
USD/CAD: LONG AT 1.1435 FOR 1.1680; STOP AT 1.1379
Crosses
EUR/JPY: SELL AT 148.65 FOR 146.31; STOP AT 149.45
EUR/GBP: SHORT AT .7955 FOR .7799; STOP AT .7950
EUR/CHF: LONG AT 1.2029 FOR 1.2082; STOP AT 1.2007
EUR/CAD: POSSIBLY BUY
GBP/JPY: BUY AT 185.80 FOR 189.90 STOP AT 184.75
NZD/USD: SELL AT .7740 FOR .7599; REVISE STOP AT .7795
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USD/JPY holds near 155.50 after Tokyo CPI inflation eases more than expected
USD/JPY is trading tightly just below the 156.00 handle, hugging multi-year highs as the Yen continues to deflate. The pair is trading into 30-plus year highs, and bullish momentum is targeting all-time record bids beyond 160.00, a price level the pair hasn’t reached since 1990.
AUD/USD stands firm above 0.6500 with markets bracing for Aussie PPI, US inflation
The Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday. The AUD/USD advance was sponsored by a United States report showing the economy is growing below estimates while inflation picked up.
Gold soars as US economic woes and inflation fears grip investors
Gold prices advanced modestly during Thursday’s North American session, gaining more than 0.5% following the release of crucial economic data from the United States. GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the US Fed could lower borrowing costs.
Stripe looks to bring back crypto payments as stablecoin market cap hits all-time high
Stripe announced on Thursday that it would add support for USDC stablecoin, as the stablecoin market exploded in March, according to reports by Cryptocompare.
Bank of Japan expected to keep interest rates on hold after landmark hike
The Bank of Japan is set to leave its short-term rate target unchanged in the range between 0% and 0.1% on Friday, following the conclusion of its two-day monetary policy review meeting for April. The BoJ will announce its decision on Friday at around 3:00 GMT.