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Federal Reserve Vice Chair Philip Jefferson: need to look at the totality of the net effect of the Trump administration’s influence on policy goals happy to keep policy at the current level of restrictiveness until there is a better sense of the totality of impacts even if the…

Earlier on China: JP Morgan maintains view that US-China tariff war likely to escalate, all the way to 60% JP Morgan see a much weaker Chinese yuan due to Trump tariffs, PBoC to step in *** People’s Bank of China USD/CNY reference rate. The People’s Bank of China…

Bank of Japan more to come This article was written by Eamonn Sheridan at www.forexlive.com.

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I haven’t seen anything on the BoJ website nor on the news wires from Board Member Tamura Naoki yet. Here’s a yen update while we wait: This article was written by Eamonn Sheridan at www.forexlive.com.

Australian Trade Balance (MoM) (Dec) 5,085mn expected 7,000mn, prior 6,792mn Imports (MoM) (Dec) +5.9% prior +1.4% surge in imports of capital equipment, oil products and consumption goods Exports (MoM) (Dec) +1.1% prior +4.2% gains in iron ore exports *** AUD down a few tics only: AUD is being…

Japan finance minister Kato speaking in parliament: sees inflationary conditions as prices rise further deflation has not yet ended This article was written by Eamonn Sheridan at www.forexlive.com.

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The Bank of England (BoE) is expected to cut interest rates by 25bp at its meeting today, Thursday, February 6, 2025. This will be the third cut of the cycle so far. The Bank’s Monetary Policy Committee is pondering a weak economy with nevertheless persistent inflation (inflation was…

Jefferson spoke yesterday and hasn’t changed his views since! Fed’s Jefferson says there is no need to hurry further rate cuts This article was written by Eamonn Sheridan at www.forexlive.com.