Why you should expect to pay more tourist taxes – even though the evidence for them is unclear 
FxWirePqro- Gold Daily Outlook 
Inflation: I've been analysing the Bank of England's forecast over the past two years – here's how they got it wrong 
US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first 
Why the Bank of England is now more upbeat than the IMF 
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Hedera hashgraph 
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EURJPY demonstrates the highest beta to Euro-turmoil for the obvious reason that both legs of the cross pull in the same direction during stress. The GFC period is deliberately excluded from the analysis assuming that a global shock on that scale is unlikely to be repeated; its inclusion does not alter currency rankings but does amplify the magnitudes of elasticities in both directions.
Last week, Bank of Japan’s board members find easy monetary policy as the best way to go for in near term. The board believes that the inflation target of 2% is yet to be achieved since consumer price growth is under pressure.
Bank of Japan Governor Kuroda on Tuesday declined to comment on what the appropriate level for the yen is, saying foreign exchange policy is decided by the finance ministry.
Kuroda, who spoke in the lower house of parliament, also said the BOJ's purchases of exchange-traded funds are intended to meet its 2 percent inflation target and do not distort the price mechanism for stocks.
Consequently, after Kuroda’s speech FxWirePro currency strength index that measures the price performance of a basket of currencies on hourly basis indicates the robustness of Yen, while euro was struggling in a feeble mood (while articulating).
For more details on our index please visit below weblink:
http://www.fxwirepro.com/fxwire/currencyindex
We raised our 1Q’17 GDP growth forecast to 2.5% QoQ SAAR from 1.0% after the strong IP report.
The unemployment rate unexpectedly fell to a 22-year low at 2.8% in February, but CPI inflation disappointed.
1Q consumption looks firmer than we had anticipated, but the trend looks soft.
Small-firms business sentiment jumped in March, partly reflecting seasonality at the end of the fiscal year.
Trade recommendations:
Buy 1Y vs sell 6M EURJPY 110 One-Touch puts, 0.758:1 notionals.
Buy CADJPY vs. sell EURJPY 1M ATM straddles, vega-neutral.
Sell 6M vs buy 1Y EURJPY 110 One-Touch puts, 0.758:1 notionals.
Buy CADJPY vs. sell EURJPY 1M ATM straddles, vega-neutral.
