UK inflation projected at 4% while GDP growth is cut to 0.7%, the BoE governor says markets are getting "ahead of themselves" on hikes | That's TradingNEWS

DXY drops to $99.49 as Iran de-escalation unwinds March's 3% dollar rally — ECB stagflation trap, USD/JPY below 160, and Friday's payrolls now decide the next move | That's TradingNEWS

10-Year JGB Yields Rise to 2.35%, Tokyo CPI Slides to 1.7%, and Fiscal Year-End Capital Flows Muddy the Signal — Key Support at 158.40, Intervention Risk Above 160.00 Key Point 1: USD/JPY printed a bearish key reversal at 160.45 after Japan's top three officials simultaneously warned of intervention — April BoJ hike probability jumped to 82% from 68% in a single session. Key Point 2: Tokyo CPI slid to 1.7% — its lowest since April 2024 — while JGB 10-year yields rose to 2.35%, narrowing the rate differential with the U.S. and providing structural yen support. Key Point 3: Short rallies toward 160.00-160.30 targeting 158.40 — a break below 157.75 confirms a trend reversal, while a break above 160.50 invalidates the bearish setup | That's TradingNEWS

UK Inflation Forecast to Hit 4% While Growth Drops to 0.7%, BoE Caught Between Hiking and Pausing | TradingNEWS