ForexLive Asia-Pacific FX news wrap: USD/JPY sitting just above 157.00 – ForexLive
Asia was in a subdued trade, with little recovery due to the strength of the US dollar and the decline in “risk” seen on Thursday. The US has a public holiday on Monday, and bond markets will close early on Friday. Traders in Asia seemed determined to close even earlier. The focus of the session […]
US Dollar’s Path Tied to Inflation Outlook; Setups on EUR/USD, USD/JPY, GBP/USD – DailyFX
Most read: US dollar strengthens, outperforming US CPI data. EUR/USD, USD/JPY, GBP/USD settings After a lackluster performance earlier this month, the US dollar (DXY index) rose last week, gaining about 0.23% to 105.31. The recovery was fueled by a slight rise in U.S. Treasury yields and widespread caution among traders as they await the release […]
ForexLive Asia-Pacific FX news wrap: USD/JPY back above 155.00 – ForexLive
Numerous comments from both Japan’s Finance Minister Suzuki and Bank of Japan Governor Ueda appeared on the News Telegraph this morning in Tokyo, but neither could significantly support the yen. The counterfactual is that without them the Japanese Yen would have fallen faster, but here in the real world, the currency has fallen again regardless. […]
ForexLive Asia-Pacific FX news wrap: Kanda ignites USD/JPY jump – ForexLive
Japan’s Treasury Vice-Minister Kanda said he had nothing to say about U.S. Treasury Secretary Janet Yellen’s weekend comments on foreign exchange. If you missed Yellen’s comments, please refer to the Kanda link above. However, in a nutshell, she only expressed her mild support for Japanese intervention. As a result, Japan appears to be acting alone […]
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 […]