#inflation-expectations

#inflation-expectations

The USD/JPY pair surged to a nine-day peak of 158.86 following the Bank of Japan's (BoJ) first policy decision of 2026, with the momentum accelerating sharply during Governor Kazuo Ueda's post-meeting press conference. The pair later saw a missive flush toward 157.308. While the central bank technically stood pat, the market's read of the event was one of a hawkish hold, as the divergence between official rhetoric and the surging Japanese Government Bond (JGB) yields forced a frantic repricing of the yen's path.

Confidence in finding a new job is at an all-time low among workers, while job hugging-the trend where "workers hold onto their jobs for dear life"-is at an all-time high, according to a new survey from the Federal Reserve Bank of New York released on Monday. The New York Fed's Survey of Consumer Expectations for August found respondents believed they had only a 44.9% of finding another job after losing their current one-the lowest in the survey's history since June 2013. That's 5.8% lower than in July, the previous month.