Forex Top Team

Authorities Eyeing Reversal in USD/JPY, Focus on US Producer Price Index

Yesterday’s release of the US Consumer Price Index (CPI) proved to be more eventful than expected. The year-over-year CPI rose by +3.0%, and the core CPI increased by +3.3%, indicating a sharper-than-expected slowdown in inflation. This led to a rapid decline in US bond yields and a strong wave of USD selling. Following the initial […]

Stock Rally and Yen Weakness: US CPI Awaits Amid Early Rate Cut Expectations

This week, stock markets worldwide are showing upward momentum. Yesterday, major US stock indices all rose by more than 1%, and the Nikkei 225 also hit new record highs for consecutive days. Today, the Nikkei 225 has again reached a new peak. Several factors are driving this excitement, with the expectation of an early rate […]

Powell’s Congressional Testimony Awaited, Market Lacks Catalysts

Today’s key event is Federal Reserve Chair Powell’s semi-annual monetary policy report testimony before the Senate Banking Committee, scheduled. Typically, the advance text is released a few hours before, providing some insight into the content. However, given the upcoming U.S. presidential election, questions from senators may be politically motivated or aimed at voters, adding potential […]

All Eyes on U.S. Employment Report: How Strong is Job Growth?

Today, the June U.S. employment report will be released. As a major event heading into the weekend, it has garnered significant market attention. The focus will be on the growth in non-farm payrolls, with the market consensus forecast expecting an increase of 190,000. Job growth has consistently exceeded expectations this year, except for April. The […]

U.S. Markets Closed for Independence Day, All Eyes on Tomorrow’s Employment Report

  Today, the U.S. markets are closed for Independence Day. The recent sentiment has shifted towards expecting two rate cuts this year, following the weak ISM Non-Manufacturing PMI yesterday. However, this is still data-dependent, and attention is now focused on tomorrow’s U.S. employment report. With fewer events today, the UK general election takes center stage. […]

Continued Yen Depreciation, Steady Pace Makes Intervention Timing Difficult to Gauge

This week has seen a continued depreciation of the yen. USD/JPY has risen to around 161.90, marking new 37.5-year highs. However, the price movements have been relatively small, and the intraday volatility has not been drastic. Today, cross-yen pairs are also showing strong performance. EUR/JPY is moving towards 174 from the high 173 range. GBP/JPY […]