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Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "[Avatradescn]: This week's financial market event! The Bank of Japan's interest rate resolution is aihuatrade.coming." Hope it will be helpful to you! The original content is as follows:
On April 28, investors will usher in the Bank of Japan's interest rate decision this week, which is a risk event that has attracted much attention in the financial market this week. Bloomberg reported on Monday (April 28) that as U.S. tariffs intensify global uncertainty, the outside world generally expects the Bank of Japan to signal that it will suspend policy normalization, but will not change its position of gradually raising interest rates when the outlook is clear.
As concerns about Fed independence and the ongoing U.S.-China trade war dissipated early last week, global stocks closed firmly this week. President Trump and Treasury Secretary Becent eased his words as he considered a deal with China.
aihuatrade.comments from both sides have largely restored confidence in the market, which has seen a significant shift in sentiment. Risk assets have risen at a steady pace for most of the week, while safe-haven assets have taken a hit.
On Friday, U.S. stock markets were basically down, as market participants continued to wait for more information on the situation in the U.S. and China. People remain somewhat uneasy after U.S. President Donald Trump said that if foreign import tariffs hit 50% within a year, he would see it as a "complete victory."
He also mentioned negotiations with China on a tariff agreement and claimed that Chinese President Xi Jinping had called him, although Beijing denied that any negotiations were underway. Mixed information weakens some optimism, while China's high tariffs of 125% on certain U.S. imports have boosted this optimism.
Although there is uncertainty on Friday, overall, market participants should consider this a positive week.
Asian Market
Japanese Official XunQuick action denied media reports that U.S. Treasury Secretary Scott Bessent expressed his preference for a weaker dollar and a stronger yen at a recent bilateral meeting in Washington last week.
Japanese chief currency diplomat Atsushi Mimura emphasized to reporters that during the discussion between Finance Minister Katsunobu Kato and his American counterparts, "the US side did not touch the exchange rate target."
Caiss Secretary Kato also reiterated through social media that the exchange rate framework was not discussed and directly refuted the report published by the Yomiuri Shimbun.
Best himself, meanwhile, described the talks with Japan as “very constructive” in a aihuatrade.com post on X, noting that they cover reciprocal trade issues and “interchange rates related matters” without mentioning any clear preferences.
European Market
Swiss National Bank Chairman Martin Schlegel warned at the central bank's annual shareholder meeting that high levels of trade policy uncertainty continue to cast a shadow on the economic outlook.
"The inflation and how the economy in Switzerland will develop remains very uncertain," Schlegel said, adding that "the possibility of an economic slowdown cannot be ruled out."
The Swiss National Bank forecasts GDP growth rate in March to be 1% to 1.5% this year, below Switzerland's long-term average of 1.8%, so growth forecasts are already under pressure.
Schlegel reiterated that the SNB is ready to adjust its policies when necessary, including interest rate changes and foreign exchange intervention. However, he acknowledges the limitations of monetary policy in addressing deeper structural uncertainty.
“Price stability cannot prevent uncertainty in trade policy,” he warned, but stressed that maintaining price stability provides an important basis for a broader economy.
UK retail sales unexpectedly rose in March, up 0.4% month-on-month, lower than market expectations, down -0.3% month-on-month.
The unexpected strength was mainly attributed to favorable weather conditions, which boosted sales of clothing and outdoor retailers. However, this increase was partially offset by weak supermarket performance.
In addition to monthly data, wider quarterly performance paints an encouraging picture of consumer resilience. Retail sales increased by 1.6% month-on-month and 1.7% year-on-year. These results suggest that despite wider economic uncertainty, UK consumers remain relatively active.
U.S. market
Canada's retail sales in February fell -0.4% month-on-month to CAD 69.3B, in line with market expectations. The overall weakness is mainly due to a decrease of -2.6% month-on-month for automotive and parts dealers, all of which are in the four store categories in the sub-industry.A decline occurred.
Below the surface, however, the data show encouraging signs. Core retail sales (excluding fuel and automobile related sales) increased by 0.5% month-on-month.
Looking forward, Statistics Canada pre-estimate shows that total sales in March increased by 0.7% month-on-month.
Trump: "Fair" tariff prices will be set for different countries; it is unlikely that tariffs will be suspended for another 90 days; the trade agreement is expected to be reached within three to four weeks.
U.S. Trade Representative Office: Trump will ultimately decide whether to advance alternative measures to cancel or reduce the current 10% tariffs on relevant countries.
The U.S.-Japan Finance Ministers' Meeting did not raise exchange rate targets; Japan is considering increasing U.S. corn imports; Trump said he was close to reaching a (trade) agreement with Japan.
South Korea and the United States have agreed to reach a "package agreement" for tariffs by early July. US Trade Representative Greer: The two sides agreed to hold technical talks next week.
Trump hinted to support banning U.S. Congressmen from trading stocks.
The Trump administration puts pressure on Europe to reject the AI rulebook.
The Trump administration cracked down on "fertility tourism" and warned pregnant women that visas may be rejected.
Trump: U.S. ships should pass through Panama and the Suez Canal for free; aihuatrade.comprehensive tariffs will cut income taxes for those with annual incomes below $200,000.
Polls show that Trump's 100-day approval rating is the lowest in all US presidents in 80 years.
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