USD/JPY forecast as Japan unveils a new $135 billion stimulus.The Japanese yen continued its freefall after Japan approved a bigger-than-expected stimulus and after a report showed that inflation remained stubbornly high in October. The USD/JPY exchange rate was trading at 157.18, a few points below this week's high of 157.73.

Rupee gains 5 paise to 88.63 against US dollar in early trade.The Indian Rupee is showing a slight recovery today, trading at 88.63 against the US Dollar. This gain comes as crude oil prices fall internationally and foreign investors inject capital into domestic stocks.

AUD/JPY retreats further from one-year top; trades below mid-101.00s amid rebounding JPY.AUD/JPY retreats further from one-year top; trades below mid-101.00s amid rebounding JPY

India HSBC Services PMI rose from previous 58.9 to 59.5 in November.India HSBC Services PMI rose from previous 58.9 to 59.5 in November

India HSBC Manufacturing PMI dipped from previous 59.2 to 57.4 in November.India HSBC Manufacturing PMI dipped from previous 59.2 to 57.4 in November

EUR/JPY edges lower below 181.50 as Japan unveils stimulus package.EUR/JPY edges lower below 181.50 as Japan unveils stimulus package

Japan's Takaichi says will fund package with new bond issuance if higher tax revenue not enough.Japan's Takaichi says will fund package with new bond issuance if higher tax revenue not enough

Takaichi: Japan may issue bonds for stimulus but total JGB supply to stay below last year.Japanese Prime Minister Sanae Takaichi said the government is prepared to issue new bonds to help fund the latest stimulus package if stronger tax revenues fall short, but stressed that overall JGB issuance will still be smaller than last year's total.

investingLive Asia-Pacific FX news wrap: Japan approved a ¥21.3 trillion stimulus package.Major FX traded in subdued, narrow ranges. Even the yen — the market's focal point thanks to a wave of data, policy hints and fresh fiscal headlines — barely budged, with USD/JPY holding around 157.46, until a final dip.

Yen finally finding some small bids as Japan's Cabinet approves 21tln stimulus package.If you've been following along today you'll have noted the multiple rounds of verbal intervention. These had very little yen impact but did cut a little from JGB yields.

BoJ's Ueda flags bigger FX pass-through to underlying inflation.BoJ Governor Kazuo Ueda told parliament today that Yen weakness is increasingly feeding into domestic inflation. He noted that as companies have become “more active in raising prices and wages,” the pass-through from higher import costs to consumer inflation has intensified.

Japan CPI core accelerates again to 3% in October.Japan's October CPI data showed inflation firming again, with core CPI (ex-fresh food) rising to 3.0% yoy from 2.9%, matching expectations and marking the second month of renewed acceleration. The measure has now stayed above the BoJ's 2% target for more than three and a half years, highlighting how persistent the price backdrop has become.

Japan's cabinet approves lavish $135 billion stimulus as markets fret over fiscal policy.Japanese Prime Minister Sanae Takaichi's cabinet approved a 21.3 trillion yen ($135.40 billion) economic stimulus package on Friday, marking the first major policy initiative under the new leader, who has pledged to pursue expansionary fiscal measures.

Japan PMI composite rises to 52.0 as services lead and manufacturing stabilizes.Japan's November flash PMIs offered a cautiously constructive signal for the economy, with the Composite Index rising from 51.5 to 52.0 — the best reading in three months and joint-highest since August 2024. Manufacturing activity remained in contraction but improved to 48.8 from 48.2.

Australia's PMI composite rises to 52.6, firmer growth with manufacturing rebounds.Australia's November flash PMIs delivered a surprisingly upbeat signal, with manufacturing jumping back into expansion at 51.6 after October's soft 49.7. Services PMI also nudged higher from 52.5 to 52.7, lifting Composite Index from 52.1 to 52.6.

NZ sees strong EU export growth, yet trade balance hit by China import surge.New Zealand's October trade report showed exports and imports both rising solidly from a year earlier, yet leaving the country with a monthly deficit of NZD -1.5B. Goods exports climbed 16% yoy to NZD 6.5B, driven by broad-based strength across key markets.

Fed's Paulson urges caution as every cut raises the bar for next.Philadelphia Fed President Anna Paulson said overnight that she is approaching the December FOMC “cautiously,” highlighting a delicate balance between a cooling but still-stable labor market and inflation that remains above target.

Rupee poised for muted open with Asia FX navigating risk-off, lower U.S. yields.The Indian rupee is set for a quiet open on Friday, with Asian currencies largely absorbing the latest bout of risk-off sentiment, supported by a slide in U.S. Treasury yields.

Fed's Goolsbee warns against front-loading cuts amid patchy inflation data.Chicago Fed President Austan Goolsbee struck a cautious tone overnight, warning that the central bank itself risks “front-loading too many rate cuts” before it has enough information to judge whether inflation is truly easing again. He stressed that his concern is not about the Fed's destination — he still believes rates “are going to go down” over the medium term — but rather about the wisdom of easing too quickly in the short run given the recent inflation uptick.

US Dollar Index declines to near 100.00 on mixed jobs data and rate cut uncertainty.US Dollar Index declines to near 100.00 on mixed jobs data and rate cut uncertainty

Recap - Japan export rebound continues in October despite lingering U.S. weakness.Japan's exports rose for a second straight month in October, signalling a partial recovery after recent tariff-driven weakness in U.S. demand.

Japan's Katayama: Debt ratio to fall slightly as government and BoJ work toward stable inflation.Japan's Katayama: Debt ratio to fall slightly as government and BoJ work toward stable inflation

BOJ chief Ueda says weak yen could affect underlying inflation.Bank of Japan Governor Kazuo Ueda said on Friday the central bank must be mindful of the chance the weak yen could affect underlying inflation by pushing up import costs and broader prices.

BoJ's Ueda says weak Japanese Yen pushes up import prices, factor in higher CPI.BoJ's Ueda says weak Japanese Yen pushes up import prices, factor in higher CPI

EU explores investment in Australian resources as trade talks set to restart.The European Union is weighing new ways to invest directly in Australia's critical resources sector, with Trade Commissioner Maroš Šefčovič saying Brussels is exploring options ranging from equity stakes to long-term offtake agreements and joint investments.

Japanese Yen Forecast: USD/JPY Eyes 160 on Fed Speakers, PMI Data.Soft Japanese trade and GDP data weigh on yen outlook as inflation edges higher. Traders watch PMIs and Fed speeches for clues on USD/JPY's path toward 160.

Dollar set for weekly gain as Fed cut bets recede; yen intervention eyed.The dollar was on track for its best week in over a month on Friday as investors wagered the Federal Reserve is unlikely to cut rates next month, with the case for further easing made no clearer by a confounding U.S. jobs report.

Japan signals chance of currency intervention, yen rises.Japan sees currency intervention as a possibility in dealing with excessively volatile and speculative moves in the yen, Finance Minister Satsuki Katayama said on Friday, in the strongest warning to date against recent falls in the currency.

UK consumer confidence falls ahead of budget as households brace for tax hikes.UK consumer confidence slipped in November as households brace for potentially tough measures in next week's budget, according to the latest GfK survey. The headline index fell to -19 from -17, slightly weaker than the Reuters poll expectation of -18 and matching the lowest reading since May.

Singapore lifts 2025 growth forecast after Q3 GDP beats expectations.Buoyed by stronger global demand and better-than-expected growth among major trading partners, the Ministry of Trade and Industry lifted its 2025 GDP forecast to around 4.0%, up from the earlier 1.5%–2.5% range.