Japanese Chief Cabinet Secretary Yoshimasa Hayashi noted on Monday that “Japan faces significant challenges if its companies become targets amid US President Donald Trump's policies; the government will respond carefully to potential impacts.” Additional quotes Exports, particularly in services, demonstrated growth, counterbalancing the decline in domestic demand, while the year's value rose by 2.9% year-on-year, exceeding 609.3 trillion yen for the first time.

The Japanese Yen (JPY) strengthened across the board following the release of a strong Gross Domestic Product (GDP) report, which showed that Japan’s economic growth blew past expectations in the fourth quarter.

Otherwise bullish on Japan's economy

The Indian Rupee (INR) weakens on Monday, snapping the two-day winning streak.

Speaking at the AlUla Conference for Emerging Market Economies in Saudi Arabia on Sunday, People's Bank of China (PBOC) Governor Pan Gongsheng said that the central bank “will continue to let the market play a decisive role in deciding the Yuan exchange rate.” Additional quotes Emphasized that a stable yuan is crucial for global financial and economic stability.

JPY jumped on strong GDP data

Kevin Hassett, Director of the US National Economic Council (NEC), revealed in an interview with CBS' Face The Nation early Monday he is having regular meetings with Federal Reserve (Fed) Chairman Jerome Powell.

The Australian Dollar (AUD) continues its upward momentum against the US Dollar (USD) for the third straight day on Monday, supported by US President Donald Trump's decision to delay the implementation of reciprocal tariffs.

Axe falling ...

On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1702 as compared to Friday's fix of 7.1706 and 7.2617 Reuters estimates.

Yen crosses and USD/JPY are losing further ground

The GBP/USD pair trades with mild gains near 1.2585 during the early Asian session on Monday.

NODX -2.1% y/y in January 2025

The USD/CAD pair kicks off the new week on a positive note and reverses a major part of Friday's slide to mid-1.4100s, or its lowest level since December 12.

EUR/USD halts its four-day winning streak, hovering around 1.0490 during Asian trading hours.

Reports in US media

Gold price (XAU/USD) edges lower to near $2,880 due to profit-taking during the early Asian session on Monday.

GDP smashed higher than expectations

Strong Japanese economic growth and above target inflation

At a commercial poultry farm in Northern Ireland

Via a JP Morgan note

Presidents' Day holidays for bonds, NYSE/NASDAQ, CME included

The AUD/USD pair weakens to near 0.6345 during the early Asian session on Monday.

February survey re FX and interest rate sentiment from Bank of America

Russian media reporting

BNZ – BusinessNZ Performance of Services Index (PSI)

Japanese Q4 GDP is expected to show an impact from wage growth

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Says Putin wants it to end soon

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Opposition lawmakers in Argentina have raised the possibility of impeaching President Javier Milei after he promoted a cryptocurrency that rapidly lost value.

The highlights include the RBA and RBNZ rate decisions, the UK and Canadian CPI, and the Flash PMIs.

eToro Files for IPO . This week’s top stories include eToro's filing with the US Securities and Exchange Commission (SEC) for a planned initial public offering (IPO).

Forex news for North American trading on Feb 14, 2025

Juventus FC, one of Italy's most iconic football clubs, found an unexpected backer in the cryptocurrency space.

The NZD/USD pair rallied on Friday, jumping to 0.5735 and marking a fresh multi-week high.

The major indices close higher for the week

The USD/JPY extended its losses, dropping below the 200-day Simple Moving Average (SMA) of 152.73 and hitting a three-day low of 152.02.

Reserve Bank of Australia and reserve Bank of New Zealand interest rate decisions. Retail sales for UK and Canada. UK CPI. FOMC meeting minutes are some of the highlights

The Australian Dollar (AUD/USD) strengthens for the second consecutive day on Friday, supported by US President Donald Trump’s decision to delay implementing reciprocal tariffs.