A week ahead of the US Fed’s slowdown in interest rate hikes, there will be adjustments today ahead of next week’s event
The trend of dollar selling continues this week. With a series of weak US economic indicators, it is predicted that the pace of interest rate hikes by the US Fed will slow down in the future. U.S. Treasury yields have trended downwards throughout the week. The 10-year U.S. Treasury yield peaked at around 4.3% […]
Today’s ECB Governing Council announcement, but the market is progressing from the perspective of the dollar exchange rate
The dollar is weakening this week. Markets are increasingly talking about the possibility that the pace of US interest rate hikes will slow down. This view is underpinned by a range of weak U.S. economic data. Sentiment indicators fell short of expectations, and the weekly U.S. mortgage application index fell for the fifth straight […]
Will the dollar sell-off continue?
Dollar selling has been dominant this week. A series of remarks by the US financial authorities over the weekend made people aware of the terminal rate of interest rate hikes. The pace of rate hikes may slow down in the future, he said. The prevailing view in the market is that the interest rate hike […]
Fluctuations in the yen and pound have slowed down, and the atmosphere is waiting for an event
The volatility of the dollar-yen and pound exchange rates is gradually settling down this week. For the dollar-yen pair, it seems that 150 yen is taking root as a psychological point in the market following the repeated masked interventions since the end of last week. After the sharp drop from just below 152 yen last […]
Yen-buying intervention over the weekend, more clear attitude to prevent yen depreciation Stalemate at around 149 yen to the dollar
Over the weekend, the dollar-yen exchange rate became extremely volatile. In the London market on Friday, the movement of dollar strength was dominant along with the rise in US Treasury yields, but the rise in US Treasury yields also slowed down to the NY market. As dollar buying in European currencies and other currencies took […]
BOJ foreign exchange intervention
Just before USDJPY152.00, there seems to have been another foreign exchange intervention by BOJ. USD selling is out, but I’m skeptical how far BOJ can push it back.
Watch out for sudden fluctuations in the dollar/yen due to intervention, but is there no change in the trend of a stronger dollar?
Along with the rise in US bond yields, the underlying trend of a strong dollar continues. Markets are pricing in rate hikes of 75 basis points each at the next two US FOMC meetings later this year. On the other hand, the BOJ’s stance of continuing monetary easing remains unwavering. Expectations of a widening interest […]
Intervention caution remains, but be aware of the above
The dollar/yen is strongly conscious of an upward trend. Selling just before 150 yen restrained the top price in the Tokyo market. However, after 3:00 p.m., the stock is showing a movement to renew the high price of 149.98 yen, and the intervention warning is also on the rise. There is a possibility that selling […]
Continued volatility in the yen and pound exchange rates
After this, overseas markets, the yen exchange rate and the pound exchange rate are likely to continue to show volatile movements. The dollar/yen is firmly on the 149 yen level, and after 3:00 pm Japan time, it reached the 149.45 level, the highest level in 32 years. The trend of looking for 150 yen continues. […]
Withdrawal of the UK’s large-scale tax cuts will restore risk tolerance, how long will the good mood continue?
In recent years, there have been many cases of bad news coming out and then recovering. A good example of this is the 2016 referendum in the UK to leave the EU. And recently, the Truss administration, which launched a large-scale tax cut without financial resources, has become a hot topic. Yesterday, UK Finance Minister […]