Japan’s government cuts FY25/26 Budget plan to JPY115.2 trillion
Japan’s government cuts FY25/26 Budget plan to JPY115.2 trillion
Japanese Prime Minister Shigeru Ishiba’s government announced that it reduced its FY25/26 Budget plan to JPY115.2 trillion The government also said they will cut the new bond issuance to JPY28.6 trillion.
Japan
FiscalPolicy
USDJPY
Bonds
Gold price drops to over three-week low, closer to $2,850 ahead of US PCE data
Gold price drops to over three-week low, closer to $2,850 ahead of US PCE data
Gold price (XAU/USD) drifts lower for the second straight day – also marking the third day of a negative move in the previous four – and drops to over a two-week low, around the $2,861-2,860 region during the Asian session on Friday.
Gold
Commodities
Fed
Inflation
SEO
ForexLive Asia-Pacific FX news wrap: USD rally continues, BTC tests US$80K
ForexLive Asia-Pacific FX news wrap: USD rally continues, BTC tests US$80K
Forex news for Asian trading on Friday, February 28, 2025
Session wrap
Wrap Asia
India Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Friday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
EUR/USD breaks below 1.0400 due to renewed US-EU trade tensions
EUR/USD breaks below 1.0400 due to renewed US-EU trade tensions
EUR/USD continues its decline for the third consecutive day, trading near 1.0390 during the Asian session on Friday.
EURUSD
Macroeconomics
TradeWar
Majors
Eurozone
Federal Reserve Bank of Chicago President Goolsbee speaking (very) late on Friday
Federal Reserve Bank of Chicago President Goolsbee speaking (very) late on Friday
Goolsbee heading out west - speaking in the evening at Stamford
Official China February PMIs will be published on the weekend - improvement expected
Official China February PMIs will be published on the weekend - improvement expected
China's National Bureau of Statistics (NBS) PMIs for February
CNY
China Stock Market
China
CNH
EUR/JPY falls below 155.50 following BoJ Deputy Governor Uchida's remarks
EUR/JPY falls below 155.50 following BoJ Deputy Governor Uchida's remarks
EUR/JPY remains under pressure for the fourth consecutive day, trading around 155.30 during Asian hours on Friday.
EURJPY
Crosses
Macroeconomics
Eurozone
Japan
Trump speaking Friday at 9am, 1pm
Trump speaking Friday at 9am, 1pm
Before heading off to Mar-a-Lago for the weekend
Politics
Silver Price Forecast: XAG/USD defends 100-day SMA support near $31.15 area
Silver Price Forecast: XAG/USD defends 100-day SMA support near $31.15 area
Silver (XAG/USD) defends the 100-day Simple Moving Average (SMA) support and stages a modest recovery from a four-week low touched during the Asian session on Friday.
Silver
Commodities
Technical Analysis
XAGUSD
WTI remains subdued around $70.00 amid concerns over global economic growth, fuel demand
WTI remains subdued around $70.00 amid concerns over global economic growth, fuel demand
West Texas Intermediate (WTI) crude Oil price edges lower on Friday, trading around $69.90 per barrel during Asian hours, after posting gains in the previous session.
Oil
WTI
TradeWar
Macroeconomics
Commodities
Japanese Yen extends its steady intraday descent against USD; USD/JPY retakes 150.00
Japanese Yen extends its steady intraday descent against USD; USD/JPY retakes 150.00
The Japanese Yen (JPY) attracted fresh buyers during the Asian session on Friday following Bank of Japan (BoJ) Deputy Governor Shinichi Uchida's hawkish remarks, saying that the underlying inflation rate is gradually rising toward the 2% target.
USDJPY
BOJ
Inflation
RiskAversion
SEO
USD/INR rises ahead of India’s GDP release
USD/INR rises ahead of India’s GDP release
The Indian Rupee (INR) trades with mild losses amid the month-end US Dollar (USD) demand on Friday.
USDINR
India
SEO
Macroeconomics
EmergingMarkets
Tokyo inflation slows - recap
Tokyo inflation slows - recap
Inflation in Tokyo slowed more than expected in February, influenced by government subsidies
BOJ
JPY
Australian Dollar declines as US Dollar strengthens ahead of PCE inflation data release
Australian Dollar declines as US Dollar strengthens ahead of PCE inflation data release
The Australian Dollar (AUD) remains under pressure for the sixth consecutive day on Friday, with the AUD/USD pair extending its losing streak.
AUDUSD
SEO
Macroeconomics
TradeWar
Australia
PBOC sets USD/CNY reference rate at 7.1738 vs. 7.1740 previous
PBOC sets USD/CNY reference rate at 7.1738 vs. 7.1740 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1738 as compared to the previous day's fix of 7.1740 and 7.2873 Reuters estimates.
USDCNY
PBOC
CentralBanks
Currencies
PBOC sets USD/ CNY reference rate for today at 7.1738 (vs. estimate at 7.2873)
PBOC sets USD/ CNY reference rate for today at 7.1738 (vs. estimate at 7.2873)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
NZD/USD attracts some sellers below 0.5650 on tariff concerns
NZD/USD attracts some sellers below 0.5650 on tariff concerns
The NZD/USD pair extends its decline to near 0.5625 during the early Asian session on Friday.
NZDUSD
Majors
Macroeconomics
BoJ's Uchida: Japan's economy is on a moderate recovery path
BoJ's Uchida: Japan's economy is on a moderate recovery path
Bank of Japan Deputy Governor Shinichi Uchida said on Friday that Japan's economy is experiencing a moderate recovery, though some weaknesses persist.
BOJ
Japan
CentralBanks
Macroeconomics
UK firms became more optimistic in February, snapping a seven-month losing streak
UK firms became more optimistic in February, snapping a seven-month losing streak
Lloyds Bank Business Barometer rose to 49% in February, from 37% in January
PBOC is expected to set the USD/CNY reference rate at 7.2873 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.2873 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
US Treasury Secretary Bessent: Open to the idea that other countries tariffs could come down or go away
US Treasury Secretary Bessent: Open to the idea that other countries tariffs could come down or go away
US Treasury Secretary Scott Bessent said late Thursday that he opened to the idea that other countries' tariffs could come down or go away.
UnitedStates
Macroeconomics
Japan's Tokyo CPI inflation eases to 2.9% YoY in February vs. 3.4% prior
Japan's Tokyo CPI inflation eases to 2.9% YoY in February vs. 3.4% prior
The headline Tokyo Consumer Price Index (CPI) for February climbed 2.9% YoY as compared to 3.4% in the previous month, the Statistics Bureau of Japan showed on Friday.
Japan
CPI
Inflation
EUR/USD backslides as fresh tariff threats weigh on Euro
EUR/USD backslides as fresh tariff threats weigh on Euro
EUR/USD took a leg lower on Thursday, falling nearly nine-tenths of one percent and slipping back below 1.0400 for the first time in almost two weeks.
EURUSD
TradeWar
Currencies
Tokyo February headline CPI +2.9% y/y vs. +3.2% expected
Tokyo February headline CPI +2.9% y/y vs. +3.2% expected
Japanese inflation data - the Tokyo CPI indicator
GBP/USD tumbles as tariffs on UK come into play
GBP/USD tumbles as tariffs on UK come into play
GBP/USD turned south and tumbled on Thursday, falling nearly six-tenths of a percent and sending bids skidding back into the 1.2600 handle.
GBPUSD
TradeWar
Currencies
USD/CAD extends the rally to near 1.4450, eyes on US PCE release
USD/CAD extends the rally to near 1.4450, eyes on US PCE release
The USD/CAD pair extends the rally to around 1.4440 on a stronger US Dollar (USD) during the late American session on Thursday.
USDCAD
Majors
Macroeconomics
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