After yesterday’s turmoil, will the USD/JPY pair remain quiet as we check the U.S. and European economic statistics?
Yesterday saw a tumultuous day for the yen, with USD/JPY surging into the 160s before swiftly falling back, apparently pushed down to the 154s by aggressive selling thought to be intervention. Since then, the market has gradually stabilized, now hovering around the late 156s to 157. With the U.S. FOMC meeting starting tomorrow and the […]
Yen Weakness Continues After Bank of Japan Meeting, U.S. PCE Deflator Could Further Accelerate It
The yen continues to weaken. The Bank of Japan’s policy meeting ended as expected, with interest rates unchanged. The statement lacked novelty, leading to further weakening of the yen in the market. The inflation outlook in the outlook report was revised upwards, predicting around 2% for the next three years, but there was no surprise […]
The USD/JPY exchange rate surpassing the 155 yen mark indicates a significant yen depreciation level, with today’s focus on the preliminary US GDP data.
Yesterday in the London market, the USD/JPY exchange rate easily climbed into the 155 yen range. Amid a lack of significant economic data, the rise in US bond yields had been the main driver of dollar buying pressure. Behind this, there seems to be persistent speculation about the delay in the start of interest rate […]
Economic Statistics Influence Dollar Exchange Rate, Yesterday Saw a Pause in Dollar Strength, Today’s Outlook
Yesterday in the NY market, the strengthening of the dollar paused. This reaction was due to the preliminary April PMI values for both manufacturing and non-manufacturing sectors showing weakness. This contrasts with the relatively strong PMI preliminary values from the UK and the Eurozone, leading to a sell-off of the dollar. Some European financial authorities […]
USD/JPY: Stuck in the late 154 yen range, European players might stir EUR/GBP
The USD/JPY market is stuck in the late 154 yen range. Finance Minister Suzuki suggested the possibility of intervention is increasing, saying, “It can be seen that the environment is prepared, and we are in a position to intervene if necessary.” Additionally, BOJ Governor Ueda mentioned, “If there are changes in the economic and price […]
At the start of next week, a calmer trading atmosphere is anticipated, taking into account the Middle Eastern situation and the economic events later in the week.
At the start of next week, a calmer trading atmosphere is anticipated, taking into account the Middle Eastern situation and the economic events later in the week. The markets are breathing a sigh of relief as tensions between Israel and Iran did not escalate over the weekend. Equity markets in Asia and U.S. stock futures […]
From April 15th to April 19th, my trades totaled +$6,876. Bitcoin Halving Arrives! How Does the Turmoil in the Middle East Affect Its Price?
The situation in the Middle East was more volatile than expected, with both sides repeatedly attacking each other, causing significant market fluctuations. I attempted aggressive purchases of cryptocurrencies and Japanese yen, but was unable to manage the trades as successfully as I had hoped. However, I assume it is unlikely that direct attacks will […]
Over the weekend, there’s a potential for a correction to strengthen, as the dollar’s upward momentum may have exhausted after all the positive factors, and attention may turn to Middle East risks.
Over the weekend, there’s a potential for a correction to strengthen, as the dollar’s upward momentum may have exhausted after all the positive factors, and attention may turn to Middle East risks. Following the recent strong US economic indicators, the dollar has found support from rising US bond yields and the fading expectations of rate […]
It seems like the dollar rally has paused, possibly due to a sense that short-term catalysts have been exhausted, and there’s anticipation surrounding movements related to the G20 summit.
The recent surge in the dollar seems to have paused, possibly due to a sense of exhaustion in short-term bullish catalysts and attention shifting towards events like the G20. Despite strong US economic indicators and rising bond yields driving dollar strength, there’s a perception that immediate new bullish factors for the dollar may be lacking. […]
Lebanon’s Hezbollah, a pro-Iranian militia group, has attacked military facilities in Israel’s Galilee region using drones and guided missiles, resulting in at least six injuries.
Lebanon’s Hezbollah, a pro-Iranian militia group, has attacked military facilities in Israel’s Galilee region using drones and guided missiles, resulting in at least six injuries. Hezbollah claimed responsibility for attacking an Israeli reconnaissance outpost, as reported by its affiliated TV station Al-Manar TV. Six people were injured in the attack, with one reported in critical […]