ForexLive Asia-Pacific FX news wrap: USD/JPY jumps 100 pts – ForexLive
Monday’s Federal Open Market Committee (FOMC) speakers include New York Fed’s Williams ECB President Rehn says confidence in falling inflation is improving China’s services PMI expansion slowed slightly in April but remains strong – Summary OECD says Reserve Bank of New Zealand has limited room to cut interest rates this year Australia’s Treasurer Chalmers says […]
Japan's Ito says authorities are trying to place a 160 ceiling on USD/JPY – ForexLive
Takatoshi Ito is currently a scholar at Columbia University. From 1999 to 2001, he served as Deputy Director-General for International Affairs at the Japanese Ministry of Finance. For two years until 2008, he served as a civilian member of the government’s Supreme Economic Council. He told Reuters: “By interfering with speculative activity, the authorities are […]
USD/JPY cautiously higher after BOJ policy decision, traders await Ueda presser next – ForexLive
This week’s trading has seen the yen continue to weaken, creating a difficult situation for Japan. The Bank of Japan did not provide much support as USD/JPY has now risen to the 156.00 level, its highest level in over 30 years. So what’s next for this pair? USD/JPY daily chart For now, buyers are cautiously […]
USD/JPY reaches monthly high, threatens breakout on USD “impregnability” – FXStreet
With the Japanese yen losing its appeal as a safe-haven asset amid easing tensions in the Middle East, the USD/JPY pair is inching towards its April high. Geopolitical risks have not completely disappeared, and new Omicron variants pose an external threat. Friday is likely to be an important day for USD/JPY due to the Bank […]
US Dollar Forecast: Markets Await US GDP & Core PCE – EUR/USD, USD/JPY, GBP/USD – DailyFX
Most read: Decoding Fedspeak: How Central Bank Comments Move Markets – Gold and the US Dollar The US dollar, as measured by the DXD index, earlier rose to a multi-month high, boosted by growing evidence that the Fed may wait a little longer before tapering policy restraints. A tight labor market and persistent inflation have […]
USD/JPY stays underpinned for now with watchful eyes on 155 mark – ForexLive
Despite yesterday’s drop in US Treasury yields, it did little to spook USD/JPY price movements. The pair remains supported, but buyers have not mustered enough courage to take things further. For now, even after all the verbal intervention from the Japanese authorities, the 155.00 hurdle remains a step too far. But still, the chart shows […]
Japanese Yen Q2 Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY at Critical Juncture – DailyFX
In this article, we mainly circle. To better understand the fundamental factors driving the Japanese currency’s trajectory in the second quarter, feel free to download our comprehensive second quarter forecast. Free! Recommended by Diego Coleman Get Free JPY Forecast USD/JPY technical outlook USD/JPY soared in the first three months of 2024, gaining more than 7% […]
US Dollar Technical Analysis: EUR/USD & GBP/USD Rebound, USD/JPY Flat – DailyFX
US dollar forecast – EUR/USD, GBP/USD, USD/JPY USD Sales slow down on Monday ahead of a high-impact event later in the week core PCE Data and Powell’s speech on Friday will be the focus of attention. In this article: euro/usd, GBP/USD and USD/JPY Most read: USD Forecast: PCE data steals the show.Settings for EUR/USD, USD/JPY, […]
US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups – DailyFX
Most read: USD Outlook and Market Sentiment: USD/JPY, USD/CAD, USD/CHF The US dollar, as measured by the DXY index, rose last week and closed on Friday at its highest level since mid-February. The dollar rallied against the backdrop of shifts in global interest rate expectations, despite initially falling after the Federal Reserve ruled out new […]
USD/JPY Selloff Continues Ahead of the FOMC Meeting – DailyFX
USD/JPY, FRB analysis Recommended by Richard Snow Forex News Trading Overview Yen looks vulnerable ahead of FOMC and all-important dot plot Ahead of this evening’s important FOMC decision, the yen continued to fall against the dollar in morning trading in London. Although there is no realistic expectation that the federal funds rate will change, market […]