🇺🇸 US retail sales rose 1.4% in March, up from 0.2% in February;

📰 China responded to US calls to start trade talks, saying it was open to dialogue if President Trump showed respect;

🇨🇦 The Bank of Canada decided to keep its key interest rate unchanged at 2.75% at the end of its meeting on Wednesday;

🛢 US crude inventories rose 0.5 million barrels last week, compared to the forecast for a rise of 0.4 million barrels, according to the Energy Information Administration;

🇳🇿 New Zealand's consumer price index (CPI) rose 2.5% year-on-year in the first quarter of 2025, compared to a rise of 2.2% in the fourth quarter of 2024.

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🇺🇸🇯🇵 USDJPY is trading at 142.50.

📰 Market participants are discussing information that during trade negotiations between the United States and Japan, which took place today, the parties made “good progress.” Let us recall that after suspending reciprocal duties for 90 days, the United States maintained the minimum base rate of 10%, as well as 25% duties on cars, which are Japan's main export product. According to analysts, the US tariffs could provoke an additional increase in inflation in Japan.

📊 Japan's March consumer price index data will be released in a few hours. According to forecasts, core inflation last month rose from 3% to 3.2%. If expectations are met, the Bank of Japan will most likely continue to raise the interest rate.

📉 Given the above, the USDJPY pair retains downside potential.

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🏛 The European Central Bank, following its meeting on Thursday, as expected, cut its deposit rate and refinancing rate by 25 basis points to 2.25% and 2.4%, respectively;

📊 Last week, 215,000 new applications for unemployment benefits were recorded in the United States, compared to 224,000 two weeks earlier;

🇯🇵 Japan's national consumer price index (CPI) rose by 3.6% year-on-year in March, compared to the previous figure of 3.7%;

🇬🇧 UK Finance Minister Rachel Reeves plans to meet with US officials next week to discuss a trade agreement;

🇳🇿 Australia's unemployment rate rose to 4.1% in March from 4%, with total employment increasing by 32,200 after falling by 57,500 in February.

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#usdjpy

🇺🇸🇯🇵 The USDJPY pair is trading at 142.35 in conditions of low liquidity.

📊 The yen is supported by the latest inflation data from Japan. Thus, the consumer price index (CPI) rose by 3.6% year-on-year in March, which was the third year in a row that it exceeded the Bank of Japan’s target level of 2%. The report also showed that core inflation, excluding food and electricity, rose to 2.9% from 2.6% over the same period.

🏛 The data comes ahead of the Bank of Japan's monetary policy meeting on May 1. It is expected that the growth of the inflation indicator will allow the central bank to consider the possibility of increasing the key interest rate to 0.75%.

📉 Given the above, the USDJPY pair retains downside potential.

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💡 Rollovers, holidays and dividends in the following week
📆 April 21 – April 26, 2025

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Please find below information on rollovers, dividends, and holidays in the following week.

Due to national holidays, trading on the following instruments will be changed.

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🚀 Gold tests new highs and trades at $3,390 per troy ounce;

📰 The United States introduced tariffs on Chinese ships calling at American ports;

⚠️ Market participants are discussing rumors about the possible removal of Fed Chairman Jerome Powell;

🛢 Iran and the US have agreed to begin discussions on a potential nuclear deal.