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EBC Daily Snapshot Apr 19, 2024

EBC Forex Snapshot 19 Apr 2024 A wave of risk aversion swept over markets on Friday and sent investors rushing to safe-haven currencies following reports that Israel attacked Iran in an escalation of conflict in the Middle East. The yen was still below 154 per dollar. Japan’s core inflation slowed in March due to mild rises in food prices while staying comfortably above the central bank’s 2% target, government data showed. BOJ Governor Kazuo Ueda said the central bank may raise interest rates again if the yen's declines significantly push up inflation, highlighting the impact currency moves may have on the timing of the next policy shift. EBC Capital Market Consulting Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC Capital Market Consulting or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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Publication date:

2024-04-19 10:24:56 (GMT)

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