Latest news with #GlobalEconomic&MarketsResearch
Wall Street Journal
09-04-2025
- Business
- Wall Street Journal
Yen Strengthens Amid Risk-Off Sentiment
0041 GMT — The yen strengthens against other G-10 and Asian currencies in the early session on risk-off sentiment driven by fears of an escalating U.S.-China trade war. 'President Trump said he will go ahead with a 104% tariff on imports from China,' two members of CBA's Global Economic & Markets Research say in a research report. Risk sentiment has worsened and equities have fallen, the members say. The 'potential for a whopping 104% tariff on China's exports to the U.S. is a headwind for AUD because China is Australia's largest trading partner,' they add. AUD/JPY slips 1.0% to 86.30; USD/JPY drops 0.6% to 145.40; EUR/JPY is 0.3% lower at 159.82. (
Wall Street Journal
07-04-2025
- Business
- Wall Street Journal
Most Asian Currencies Weaken Amid Risk-Off Sentiment
0034 GMT — Most Asian currencies weaken against the dollar in early trade amid risk-off sentiment driven by growing fears of a global trade war. 'Last week's tariff announcements were much larger than we and market participants had expected,' three members of CBA's Global Economic & Markets Research say in a research report. While market participants are focused on downside risks to the U.S. economy from the tariffs, they are also expected to eventually focus on the negative impact of the tariffs on countries outside the U.S., which is USD-supportive, the members add. USD/KRW rises 0.7% to 1,469.89; AUD/USD edges 0.1% lower to 0.5993. (
Wall Street Journal
31-03-2025
- Business
- Wall Street Journal
Yen Strengthens Slightly Amid Risk-Off Sentiment
0003 GMT — The yen strengthens slightly against other G-10 and Asian currencies in the morning session amid risk-off sentiment spurred by looming U.S. tariffs. 'We judge that President Trump's tariff regime will be more disruptive to the global economy than markets are currently pricing,' say three members of CBA's Global Economic & Markets Research. Risks are tilted to a sharp decline in global equities and a weaker USD/JPY, the members say in a research report. USD/JPY could soon sustainably break below support at 148.13, they add. USD/JPY edges 0.2% lower to 149.56; risk-sensitive AUD/JPY is down 0.3% at 93.94. (
