Explore the world.

Assess underlying market conditions and fundamentals in the world's major economies.

World
Global
Americas
United States
Canada
Mexico
Europe
Euro Area
United Kingdom
Asia Pacific
China
Japan
Australia

Stay ahead.

Follow the biggest stories in markets and economics in real time.

Analysis
Blog
Views
Calendar

Subscribe

Get insight into the latest trends and developments in global currency markets with breaking news updates and research reports delivered right to your inbox.

After signing up, you will receive regular newsletters from Corpay, and may unsubscribe at any time. View Corpay’s Privacy Policy

Notes
Views
News
Calendar

Policymakers could hold the line.

A more bearish backdrop for the yen might unfold if the Bank of Japan holds firm, ignoring elevated inflation and indications that price growth could persist. In this scenario, wide interest rate differentials should continue to depress the yen: especially if risk sentiment remains buoyant, inflation cools, and global growth slows whilst avoiding more sinister outcomes.

USDJPY and Japan Trade-Weighted Index

The art of the deal
1 day ago
Markets Rally On Hopes For Global Trade Ceasefire
2 days ago
Push-pull forces
2 days ago
Markets Climb On Trade Negotiation Hopes
3 days ago
Markets Open On A Somewhat-Downbeat Footing
4 days ago
Powering ahead
6 days ago

Latest Analysis

All Commentary

Latest Analysis

The art of the deal
08 May, 2025
• Tariff news. US/UK trade deal ‘framework’ unveiled. Baseline 10% tariff remains. Many details still to be worked out. US/China talks this weekend.• Upbeat markets. Equities rose as did bond...
Markets Rally On Hopes For Global Trade Ceasefire
08 May, 2025
Stock futures are up and the dollar is trading on a stronger footing after President Donald Trump said he would announce a “full and comprehensive” trade agreement with the United Kingdom later this morning,...
Push-pull forces
07 May, 2025
• Mixed markets. US equities end a bit higher overnight, while bond yields eased & the USD rose. AUD & NZD gave back ground over the past 24hrs.• Macro news. US/China reportedly set to hold trade...
Markets Climb On Trade Negotiation Hopes
07 May, 2025
The US dollar looks set to snap a three-day losing streak and stock market futures are climbing ahead of the North American open after Beijing and Washington said trade talks between China and the United...
Markets Open On A Somewhat-Downbeat Footing
06 May, 2025
The dollar is retreating and North American equity futures are setting up for a second day of losses after a series of downbeat earnings outlooks from economic bellwethers like Ford and Palantir cast doubt...
Powering ahead
04 May, 2025
• Positive vibes. Upbeat sentiment on Friday. Reports bolstered expectations about US/China trade war de-escalation. Solid US jobs data also helped.• Market trends. US equities recorded 9th straight gain....
US payrolls in focus
01 May, 2025
• US trends. US equities rose, as did bond yields & the USD. US ISM better than expected. Reports about potential US/China trade talks also helpful.• Macro news. Dovish tilt from BoJ weighed on JPY....
Risk-Sensitive Asset Prices Climb As Yields Fall
01 May, 2025
Markets are rallying this morning on optimism surrounding the prospect of more easing from the Federal Reserve as well as the growing likelihood of trade “deals” between the United States and its partners....
US economic tariff pain
30 April, 2025
• Holding on. Some volatility but net changes in US equities & bond yields were modest overnight. USD index a bit firmer but AUD holds its ground.• US GDP. A large jump in imports ahead of tariffs...
Risk Appetite Falls As Stagflation Risks Stalk US Economy
30 April, 2025
A six-day improvement in risk appetite appears to be stalling out across the financial markets this morning, bolstering a “mean-reversion”* trade that has seen the dollar creep higher against most of its...

Data

Global
United States
Canada
Mexico
Euro Area
China
United Kingdom
Japan
Australia

Analysis

Notes
Views
News
Calendar

About

Contact

Data and information on this website is provided “as is” and for informational purposes only. Information on the website does not bind Corpay in any way; nor is it not intended as advice, a recommendation or an offer or solicitation for the purchase or sale of any financial products. Data and other information are not warranted as to completeness or accuracy and are subject to change without notice. All charts or graphs are from publicly available sources, or our proprietary data. Nothing in this material should be construed as investment, financial, tax, legal, accounting, regulatory or other advice or as creating a fiduciary relationship. Corpay disclaims any responsibility or liability to the fullest extent permitted by applicable law, for any loss or damage arising from any reliance on our use of the data in any way. You should contact your Corpay sales representative for clarification on the range of financial instruments available in your jurisdiction. Copyright Cambridge Mercantile Corp. 2022.