New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
South Korea Vows Action to Stabilize Won as Currency Weakens Despite Strong Fundamentals 
U.S. Prosecutors Investigate Fed Chair Jerome Powell Over Headquarters Renovation 
Morgan Stanley Flags High Volatility Ahead for Tesla Stock on Robotaxi and AI Updates 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
Further easing from European Central Bank (ECB) is posing new bigger threat to Japanese economy as it would push the competitiveness of European products ahead of Japan.
European Central Bank (ECB) is taking a more aggressive stance while Bank of Japan (BOJ) is shying away from further policy easing. That puts Euro in clearly weaker spot against Yen.
Further erosion of Yen's competitive advantage is likely to put Nikkei in tough spot, which is down close to 1% today and more than 6.5% in last three months. Nikkei CFD is currently trading at 18800.
Euro today has fallen to seven week low against Yen.
Technically speaking, Euro is in a downward channel against yen since June and price is now drifting lower from range high. Euro is currently trading at 133.1 against Yen, further drift down of about 200-250 pips in the very near term very much likely.
Focus is on monetary policies from FED on 28th and Bank of Japan on 30th.
