EUR/USD
1.16288
0.029%
Gold
4470.52
-0.054%
Oil
89.145
-0.552%
USD/JPY
156.254
0.293%
GBP/USD
1.35419
0.129%
GBP/JPY
211.579
0.419%
Real-time News
September 4th - According to Japanese media reports, Japanese Finance Minister Satsuki Katayama is expected to remain in her position in the upcoming cabinet reshuffle. This decision signifies the Japanese governments recognition of her work on the economy, exchange rates, and budget process reforms. Katayama is a core member of Prime Minister Sanae Takaichis cabinet and also serves as the Japanese counterpart to US Treasury Secretary Bessenter. Bessenter has consistently pressured Japan to raise interest rates while also helping to stabilize the Japanese currency. Katayamas reappointment would demonstrate Takaichis trust in her policy handling and help ensure the cabinet reshuffle does not trigger market volatility. Replacing Katayama could disrupt close cooperation between the US and Japan on exchange rate issues and further strain an already tense market due to Japanese government spending plans. This could reignite upward pressure on bond yields and lead to a weaker yen.The yield on Japans 40-year government bonds fell 13 basis points to 4.03%.1. 53 Bank: -25,000; Capital Economics: +0.00; Pansen Macro: +15,000; RBC: +16,000; 2. ABN AMRO: +20,000; Citigroup: +20,000; Barclays: +25,000; Mizuho Securities: +30,000; 3. Scotiabank: +30,000; Standard Chartered: +30,000; Catech Commercial Bank: +40,000; Goldman Sachs: +40,000; 4. Moodys Analytics: +40,000; BNP Paribas: +50,000; Commerzbank: +50,000; JPMorgan Chase: +50,000; 5. Montreal: +55,000; Daiwa Capital: +55,000; HSBC: +55,000; Monex: +55,000; 6. PNC Financial: +56,000; Lloyds: +60,000; Nomura Securities: +60,000; Stieffer: +60,000; 7. Danske: +65,000; ING: +65,000; UBS: +65,000; Morgan Stanley: +65,000; 8. Deutsche Bank: +65,000; DekaBank: +70,000; Societe Generale: +70,000; Westpac: +70,000; 9. Nikko Securities: +73,000; UniCredit: +80,000; Wells Fargo: +80,000; Jefferies: +85,000; 10. Santander: +85,000; Oxford Economics: +95,000; TD Securities: +95,000; [Reuters forecast: +56,000]Euro Stoxx 50 futures rose 0.13%, German DAX futures rose 0.21%, and UK FTSE 100 futures rose 0.04%.Germanys manufacturing orders, adjusted for working days, rose 13.1% year-on-year in July, below the expected 10.5% and the previous reading of 6.50%.
