USD/JPY reaches a three-week peak as the dollar strengthens, attention on BoJ minutes
The yen has dropped to a three-week low against the US dollar, with the USD/JPY pair benefiting from strong dollar dynamics. The PMI in Japan’s manufacturing sector fell deeply into contraction, though services remained stable. Investors are anticipating insights from the upcoming BOJ minutes, which are set to release on Thursday, for cues on policy […]
Pound Sterling reaches a three-week high against the US Dollar.
The pound sterling is projected to rise to around 1.3580 against the US dollar, as demand for US jobs is decreasing. Market participants are looking forward to the significant revisions in the US Non-Farm Payroll (NFP) reports and a speech by BOE’s Briden. There’s a sense among investors that the Fed might lower interest rates […]
USD/JPY approaches a three-week peak as US data is strong and the Fed maintains rates at 4.50%
The Japanese yen continued to decline on Wednesday, with USD/JPY approaching a three-week high. The US dollar’s strength was bolstered by better-than-expected GDP and labor market figures, marking five consecutive days of gains. On Thursday, the Bank of Japan is likely to maintain its interest rate at 0.50% during its meeting. On Wednesday, the Japanese […]
Dollar stays close to a three-week peak ahead of CPI data; Bitcoin remains above $120,000
Market Update: Dollar and Cryptocurrencies TOKYO – The US dollar lingered near three-week highs as traders anticipated the release of inflation data later in the day, which could offer insights into future monetary policy. The US currency also found support from rising Treasury yields amidst President Trump’s ongoing criticisms of the Federal Reserve’s chairman. There’s […]
USD/JPY falls to three-week lows as dollar slips to start the session – ForexLive
On the day, the pair fell nearly 1% to the 151.50 level, making the price its lowest since November 6th. But more noteworthy is that the sellers are attempting to break below the 200-day moving average (blue line). The key level is seen at 151.97, which would be a big blow to post-election upward momentum. […]
S&P 500 rebounds to less than 1% from a record after orderly three-week pullback – CNBC
The ideal solution to a market that has gone too far, too fast is to slow down and back off a bit. By most views, this is the story of the past six weeks on Wall Street. A 28% five-month rally from October’s correction low to its all-time high on the last trading day of […]