Market Updates

Asia Markets Update: BOJ Holds Rates Amid Tariff Concerns; RBA Eyes May Rate Cut as Inflation Eases​

Asian stock markets experienced mixed movements on Thursday, May 1, 2025, amid thin trading volumes due to Labor Day holidays in several countries. Japan’s Nikkei 225 index rose by 0.9% following the Bank of Japan’s decision to maintain its interest rate at 0.5% and downgrade its economic growth forecasts, citing uncertainties from U.S. tariffs. ​ETCFO.com

In Australia, the S&P/ASX 200 index edged up by 0.2%, supported by a stronger-than-expected trade surplus of AUD 6.9 billion in March. This positive trade data, combined with underlying inflation falling back into the Reserve Bank of Australia’s (RBA) target range of 2%-3%, has increased market expectations for a potential rate cut in May. ​FXStreet

Meanwhile, the Japanese yen weakened by approximately 0.5% to 143.73 per dollar after the BOJ’s policy announcement, reflecting market concerns over the impact of U.S. trade policies on Japan’s economic outlook. ​Reuters

Investors are closely monitoring upcoming U.S. economic data releases, including employment figures and inflation metrics, which could influence global market sentiment and central bank policy decisions in the coming weeks.

Stay updated with Daily Forex Pakistan.

Hamza Shah

Recent Posts

3 Must-Know Risk Management Strategies for New Crypto Traders

Learn 3 proven risk management strategies for crypto trading beginners to reduce losses and protect…

10 hours ago

How to Use Pivot Points to Gauge Market Sentiment in Forex Trading

Pivot points aren’t just useful for spotting support and resistance — they’re also a powerful…

12 hours ago

How to Use Technical Analysis When Trading Crypto

If you’ve already identified a crypto trade idea using fundamental analysis, the next step is…

1 day ago

How to Use Pivot Points to Trade Breakouts (Like a Pro)

Pivot points can be powerful tools in your trading toolbox — not just for range…

1 day ago

DAX Index Forecast: German Inflation Data and Trade Tensions Shape Market Outlook

The German DAX Index extended losses for a second consecutive session on May 29, slipping…

1 day ago

Crypto Market Outlook: Bitcoin Eyes $100K as Ethereum and XRP Struggle Below Key Levels

Bitcoin, Ethereum, and Ripple Show Signs of Extended Corrections Amid Bearish Technical Setups The cryptocurrency…

1 day ago