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ForexLive Asia-Pacific FX news wrap: Yen slides
ForexLive Asia-Pacific FX news wrap: Yen slides
Oleh Forex Live
ForexLive Asia-Pacific FX news wrap: Yen slides
Forex news for Asian trading on Apr 17, 2025
Session wrap
Wrap Asia
GBP/USD trades below 1.3250 after retreating from six-month highs
GBP/USD trades below 1.3250 after retreating from six-month highs
Oleh Fxstreet
GBP/USD trades below 1.3250 after retreating from six-month highs
GBP/USD snaps its seven-day winning streak, easing to around 1.3230 during Thursday’s Asian session after retreating from a six-month high of 1.3292 reached on Wednesday.
GBPUSD
Macroeconomics
Majors
UnitedKingdom
BOE
RBNZ Sectoral Factor Inflation Model drops to 2.9% YoY in Q1 2025
RBNZ Sectoral Factor Inflation Model drops to 2.9% YoY in Q1 2025
Oleh Fxstreet
RBNZ Sectoral Factor Inflation Model drops to 2.9% YoY in Q1 2025
The Reserve Bank of New Zealand (RBNZ) published its Sectoral Factor Model Inflation gauge for the first quarter of 2025, following the release of the official Consumer Price Index (CPI) by the NZ Stats early Thursday.
RBNZ
Inflation
EconomicIndicator
NZDUSD
​​USD/INR weakens on possible foreign inflows
​​USD/INR weakens on possible foreign inflows
Oleh Fxstreet
​​USD/INR weakens on possible foreign inflows
The Indian Rupee (INR) gains ground on Thursday, bolstered by prospects of foreign equity inflows. The Indian benchmark indices have recovered all losses sparked by Trump’s reciprocal tariffs earlier this month.
EmergingMarkets
SEO
USDINR
India
Macroeconomics
Trump will meet with Italy's PM Meloni on Thursday, April 17
Trump will meet with Italy's PM Meloni on Thursday, April 17
Oleh Forex Live
Trump will meet with Italy's PM Meloni on Thursday, April 17
Lunch and meeting in the afternoon
Bonds
Politics
SPX
USD
Silver Price Forecast: XAG/USD moves below $32.50 due to easing trade concerns
Silver Price Forecast: XAG/USD moves below $32.50 due to easing trade concerns
Oleh Fxstreet
Silver Price Forecast: XAG/USD moves below $32.50 due to easing trade concerns
Silver (XAG/USD) is trading around $32.30 per troy ounce during Thursday’s Asian session, paring some of its gains from the previous day.
Silver
Metals
Commodities
Macroeconomics
XAGUSD
Japanese Yen remains on the back foot against USD amid receding safe-haven demand
Japanese Yen remains on the back foot against USD amid receding safe-haven demand
Oleh Fxstreet
Japanese Yen remains on the back foot against USD amid receding safe-haven demand
The Japanese Yen (JPY) retains its negative bias heading into the European session on Thursday, which, along with a modest US Dollar (USD) strength, assists the USD/JPY pair to hold steady above mid-142.00s.
RiskAppetite
TradeWar
BOJ
SEO
USDJPY
Australian Dollar weakens as US Dollar maintains strength on robust consumer spending
Australian Dollar weakens as US Dollar maintains strength on robust consumer spending
Oleh Fxstreet
Australian Dollar weakens as US Dollar maintains strength on robust consumer spending
The Australian Dollar (AUD) is trading lower against the US Dollar (USD), snapping a six-day winning streak.
RBA
SEO
Majors
AUDUSD
Macroeconomics
USD/CAD edges higher above 1.3850, BoC holds policy rate at 2.75%
USD/CAD edges higher above 1.3850, BoC holds policy rate at 2.75%
Oleh Fxstreet
USD/CAD edges higher above 1.3850, BoC holds policy rate at 2.75%
The USD/CAD pair trades in positive territory near 1.3880 during the early Asian session on Thursday. However, the upside for the pad might be limited amid the escalating trade uncertainties. Traders brace for the developments surrounding US trade talks with trading partners.
USDCAD
Majors
Macroeconomics
BoJ’s Nagakawa: If outlook realized, the BoJ will continue to raise interest rate
BoJ’s Nagakawa: If outlook realized, the BoJ will continue to raise interest rate
Oleh Fxstreet
BoJ’s Nagakawa: If outlook realized, the BoJ will continue to raise interest rate
Bank of Japan (BoJ) board member Junko Nagakawa said on Thursday that “if the outlook for economic activity and prices is realised, the BoJ will continue to raise interest rate and adjust degree of monetary accommodation.”
BOJ
CentralBanks
USDJPY
InterestRate
China’s Foreign Ministry: If US continues to play tariff numbers game, China will pay no attention
China’s Foreign Ministry: If US continues to play tariff numbers game, China will pay no attention
Oleh Fxstreet
China’s Foreign Ministry: If US continues to play tariff numbers game, China will pay no attention
China’s Foreign Ministry said in a statement on Thursday that if the United States (US) continues to play the tariff numbers game, China will pay no attention.
China
TradeWar
UnitedStates
AUDUSD
Australia’s Unemployment Rate rises to 4.1% in March vs. 4.2% expected
Australia’s Unemployment Rate rises to 4.1% in March vs. 4.2% expected
Oleh Fxstreet
Australia’s Unemployment Rate rises to 4.1% in March vs. 4.2% expected
Australia’s Unemployment Rate rose to 4.1% in March from 4.0% in February (revised from 4.1%), according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came below the market consensus of 4.2%.
Australia
Employment
Macroeconomics
BoJ’s Ueda: Japan’s real interest rate remains very low
BoJ’s Ueda: Japan’s real interest rate remains very low
Oleh Fxstreet
BoJ’s Ueda: Japan’s real interest rate remains very low
Bank of Japan Governor Kazuo Ueda said on Thursday that Japan's real interest rates remain very low. Ueda further stated that the central bank will increase the rate if the economic outlook is achieved. 
BOJ
CentralBanks
Japan
Macroeconomics
Japan PM Ishiba says talks with the US were constructive
Japan PM Ishiba says talks with the US were constructive
Oleh Fxstreet
Japan PM Ishiba says talks with the US were constructive
Japan’s Prime Minister Shigeru Ishiba said on Thursday that talks with the United States were constructive, adding that the government will continue to consider trade negotiations a top priority.
TradeWar
UnitedStates
Japan
Macroeconomics
PBOC sets USD/CNY reference rate at 7.2085 vs. 7.2133 previous
PBOC sets USD/CNY reference rate at 7.2085 vs. 7.2133 previous
Oleh Fxstreet
PBOC sets USD/CNY reference rate at 7.2085 vs. 7.2133 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.2085 as compared to the previous day's fix of 7.2133 and 7.3083 Reuters estimate.
Currencies
CentralBanks
USDCNY
PBOC
Japan PM Ishiba says talks with the US were constructive
Japan PM Ishiba says talks with the US were constructive
Oleh Forex Live
Japan PM Ishiba says talks with the US were constructive
Ishiba says economy minister Akazawa reported the talks were constructive
US President Donald Trump claims ‘big progress’ in Japan trade talks
US President Donald Trump claims ‘big progress’ in Japan trade talks
Oleh Fxstreet
US President Donald Trump claims ‘big progress’ in Japan trade talks
US President Donald Trump said trade talk negotiators had made “big progress” following a meeting with Japanese representatives in Washington about the barrage of tariffs he has imposed on global imports, per Reuters. 
TradeWar
UnitedStates
Japan
Macroeconomics
Singapore March NODX +5.4% y/y (expected +14.1%
Singapore March NODX +5.4% y/y (expected +14.1%
Oleh Forex Live
Singapore March NODX +5.4% y/y (expected +14.1%
Singapore Non-oil Domestic Exports (NODX)
Japan’s Akazawa says agreed to hold a second meeting with US in April
Japan’s Akazawa says agreed to hold a second meeting with US in April
Oleh Fxstreet
Japan’s Akazawa says agreed to hold a second meeting with US in April
Japan's Economy Minister Ryosei Akazawa said early Thursday that the officials agreed to hold a second meeting with the United States this month. 
Japan
UnitedStates
TradeWar
Macroeconomics
NZD/USD trades with mild gains above 0.5900 after New Zealand’s CPI data
NZD/USD trades with mild gains above 0.5900 after New Zealand’s CPI data
Oleh Fxstreet
NZD/USD trades with mild gains above 0.5900 after New Zealand’s CPI data
The NZD/USD pair extends the rally to near 0.5935 during the early Asian trading hours on Thursday. The New Zealand Dollar (NZD) edges slightly higher against the US Dollar (USD) after the hotter inflation data.
NZDUSD
Majors
Macroeconomics
Japan March exports +3.9% y/y (expected +4.5%)
Japan March exports +3.9% y/y (expected +4.5%)
Oleh Forex Live
Japan March exports +3.9% y/y (expected +4.5%)
Trade balance data from Japan for March 2025
EUR/USD flat lines near 1.1400 ahead of ECB rate decision
EUR/USD flat lines near 1.1400 ahead of ECB rate decision
Oleh Fxstreet
EUR/USD flat lines near 1.1400 ahead of ECB rate decision
The EUR/USD pair trades on a flat note near 1.1400 during the early Asian session on Thursday. The markets remain cautious as traders wait to see if US President Donald Trump’s administration reaches new trading agreements with partners.
EURUSD
Majors
Macroeconomics
More than 70% of Japanese firms are considering price hikes this fiscal year
More than 70% of Japanese firms are considering price hikes this fiscal year
Oleh Forex Live
More than 70% of Japanese firms are considering price hikes this fiscal year
Adding to those firms that have already raised prices
New Zealand’s CPI inflation rises to 2.5% YoY in Q1 vs. 2.3% expected
New Zealand’s CPI inflation rises to 2.5% YoY in Q1 vs. 2.3% expected
Oleh Fxstreet
New Zealand’s CPI inflation rises to 2.5% YoY in Q1 vs. 2.3% expected
New Zealand’s Consumer Price Index (CPI) rose 2.5% YoY in the first quarter (Q1) of 2025, compared with the 2.2% increase seen in the fourth quarter of 2024, according to the latest data published by Statistics New Zealand on Thursday.
CPI
Inflation
NewZealand
Macroeconomics
New Zealand Q1 CPI +2.5% y/y (expected +2.3%) & +0.9% q/q (expected +0.7%)
New Zealand Q1 CPI +2.5% y/y (expected +2.3%) & +0.9% q/q (expected +0.7%)
Oleh Forex Live
New Zealand Q1 CPI +2.5% y/y (expected +2.3%) & +0.9% q/q (expected +0.7%)
Higher than expected data from New Zealand for January - March 2025
Ford warns that vehicle prices could rise on models produced from May due to Trump tariffs
Ford warns that vehicle prices could rise on models produced from May due to Trump tariffs
Oleh Forex Live
Ford warns that vehicle prices could rise on models produced from May due to Trump tariffs
The current discount program remains in place - get in quick seems to be message
Trump says he met with the Japanese delegation on trade
Trump says he met with the Japanese delegation on trade
Oleh Forex Live
Trump says he met with the Japanese delegation on trade
A bigly meeting I guess
NZD/USD Price Analysis: Kiwi stretches gains near 0.59 but momentum signals caution
NZD/USD Price Analysis: Kiwi stretches gains near 0.59 but momentum signals caution
Oleh Fxstreet
NZD/USD Price Analysis: Kiwi stretches gains near 0.59 but momentum signals caution
The NZD/USD pair advanced for a third session on Wednesday, holding near the 0.5900 region ahead of the Asian session. The pair saw modest gains and remained confined within a relatively tight range between 0.58865 and 0.59308, suggesting a steady bullish tone.
Technical Analysis
Currencies
Majors
NZDUSD
Forexlive Americas FX news wrap 16 Apr: Fed Powell does not give in to easing hopes
Forexlive Americas FX news wrap 16 Apr: Fed Powell does not give in to easing hopes
Oleh Forex Live
Forexlive Americas FX news wrap 16 Apr: Fed Powell does not give in to easing hopes
Forex news for North American trading on Apr 16, 2025
Session wrap
Wrap Nth America
What United Airlines said about the strength of the US consumer
What United Airlines said about the strength of the US consumer
Oleh Forex Live
What United Airlines said about the strength of the US consumer
Shares turned around today to finish down
Financial Times reports that Intel will need license to export AI chips to Chinese clients
Financial Times reports that Intel will need license to export AI chips to Chinese clients
Oleh Forex Live
Financial Times reports that Intel will need license to export AI chips to Chinese clients
Intel has informed Chinese clients it will start needing a license to sell some of its advanced artificial intelligence processors
SPX
Nasdaq
China
USD/JPY struggles amid trade tensions, pair capped below key moving averages
USD/JPY struggles amid trade tensions, pair capped below key moving averages
Oleh Fxstreet
USD/JPY struggles amid trade tensions, pair capped below key moving averages
USD/JPY price analysis: Dollar struggles amid trade tensions, pair capped below key moving averages
Currencies
TradeWar
USDJPY