US DATA: Highest Initial Claims For A NFP Reference Period Since October

Jun-18 12:53

Initial jobless claims were in line with expectations as they mostly held onto a recent increase, al...

Historical bullets

JPY: Bessent Post on Excess JPY Volatility Sparks Some USDJPY Downside

May-19 12:45
  • Quick bump lower for USDJPY on that post from Bessent, who describes excess FX volatility as undesirable. The pair moves from 159.10 to 158.72 in quick order. We noted overnight that the move back above 159.00 had prompted Japan's finance minister Katayama to recirculate the view that speculative moves in the FX market will be dealt with appropriately.

US-JAPAN: Bessent Confident Ueda Will Guide MonPol, Excess FX Vol Undesirable

May-19 12:43

Treasury Secretary Scott Bessent @SecScottBessent tweets "Following my successful visit to Japan last week, I spoke with @Bank_of_Japan_e Governor Kazuo Ueda today on the sidelines of the @G7 about Japan’s resilient economy and market outlook. I am confident that Governor Ueda will successfully guide Japan’s monetary policy, and I believe the fundamentals of the Japanese economy are strong and that excess FX volatility is undesirable."

MNI: CANADA MAR BUILDING PERMITS +10.3% MOM

May-19 12:38
  • MNI: CANADA MAR BUILDING PERMITS +10.3% MOM