The post JPY weak and underperforming – Scotiabank appeared on BitcoinEthereumNews.com. The Japanese Yen (JPY) is weak, down 0.5% against the US Dollar (USD) and underperforming all of the G10 currencies as market participants reconsider their expectations for BoJ tightening in the context of PM Takaichi’s government, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. Markets push back calls for BoJ hikes “The new PM affirmed her support for BoJ independence on Tuesday, however this does not appear to have been sufficient as Bloomberg reports of a material pushback in expectations on the timing of BoJ tightening.” “Only 10% of surveyed economists now expect an October hike, with 50% expecting December and 38% expecting January. USD/JPY is pushing higher but still within its recent range roughly bound between the mid-149s and 153.” Source: https://www.fxstreet.com/news/jpy-weak-and-underperforming-scotiabank-202510231419The post JPY weak and underperforming – Scotiabank appeared on BitcoinEthereumNews.com. The Japanese Yen (JPY) is weak, down 0.5% against the US Dollar (USD) and underperforming all of the G10 currencies as market participants reconsider their expectations for BoJ tightening in the context of PM Takaichi’s government, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. Markets push back calls for BoJ hikes “The new PM affirmed her support for BoJ independence on Tuesday, however this does not appear to have been sufficient as Bloomberg reports of a material pushback in expectations on the timing of BoJ tightening.” “Only 10% of surveyed economists now expect an October hike, with 50% expecting December and 38% expecting January. USD/JPY is pushing higher but still within its recent range roughly bound between the mid-149s and 153.” Source: https://www.fxstreet.com/news/jpy-weak-and-underperforming-scotiabank-202510231419

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more