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Japanese yen stays adrift, core CPI falls below 3%

Japanese core CPI falls below 3% Fed's Powell says inflation too high, economy too strong The Japanese yen is slightly lower on Friday. In the European session, USD/JPY is trading at 149.96, up 0.12%.

20-10-2023 05:00 GMT by Kenneth Fisher

Reality has started to sink in for richly valued US long-duration and growth equities

Rising geopolitical risk premium may override the historical positive seasonality in the S&P 500 for the months of October and November. The US 10-year Treasury yield is now just a stone-throw away from 5.20% and a break above it may spiral towards 6.87% next. S&P 500’s market breadth has continued to deteriorate as only 38% of its component stocks are above their respective key 200-day moving averages. A bearish breakdown below 4,140 key support on the S&P 500 may trigger a major downtrend phas

19-10-2023 05:37 GMT by Kelvin Wong