US retail sales indicate a lull in the US economy: What will be the future impact on the US dollar?
This week’s FX trades from February 12th to February 16th, resulting in a total loss of -2166 USD. Despite moments of the U.S. dollar being bought due to unexpected rises in the U.S. CPI and PPI, the momentum did not last due to factors such as an unexpected decrease in U.S. retail sales, leading to […]
Will the consolidation above the 150 yen mark for USD/JPY be established?
Today, attention is focused on whether the USD/JPY exchange rate will maintain the 150 yen range as we head into the weekend. In the Tokyo market, the Nikkei average showed movements approaching its all-time high. Bank of Japan Governor Kuroda reiterated comments similar to those from last week, stating that “even if negative interest rates […]
Dollar Adjustment Continues
In the Tokyo market, the USD/JPY pair shifted from the 150.50 yen level to 150.08 yen, becoming weaker for the dollar and stronger for the yen. There is a broadening adjustment movement in response to the dollar’s strength after the US CPI data. While the adjustment for the euro and pound after the CPI release […]
Dollar Strengthens Again Following Yesterday’s US CPI, What About the Pound?
Yesterday’s release of the US Consumer Price Index (CPI) for January showed growth that exceeded market consensus expectations in both year-on-year and core year-on-year figures. While US inflation remains subdued, there is a sense that its momentum has stalled recently. In the short-term financial markets, where a rate cut starting in May or June had […]
Dollar strengthens, pushing USD/JPY into the 150 yen range as US CPI exceeds expectations
Following the January US Consumer Price Index (CPI) surpassing expectations, US bond yields surged, and dollar buying intensified. The year-on-year CPI came in at +3.1%, surpassing the market consensus of +2.9%. Core CPI also exceeded expectations at +3.9% compared to the consensus of +3.7%. The yield on the US 10-year bond rose sharply from the […]
Today, all eyes are on the release of the US Consumer Price Index (CPI) for January in the New York market.
Today, all eyes are on the release of the US Consumer Price Index (CPI) for January in the New York market. Expectations suggest a slowdown in both headline and core year-on-year growth, and any deviation from these forecasts is likely to trigger a sensitive market reaction. Market consensus anticipates a year-on-year increase of +2.9% for […]
Market Calm as Tokyo and Chinese Markets Remain Closed, Ahead of Tomorrow’s US CPI Release
The beginning of the week sees Japan observing a substitute holiday for National Foundation Day, while China and Hong Kong are closed for the Lunar New Year. Trading during Tokyo and Asian hours remains subdued. The dollar-yen range has held steady between 149.08 and 149.32, while the euro-dollar has remained within a narrow range of […]
On February 8th, the physically-backed Bitcoin exchange-traded fund (ETF) recorded a significant influx of funds totaling $430 million.
On February 8th, the physically-backed Bitcoin exchange-traded fund (ETF) recorded a significant influx of funds totaling $430 million. This occurred despite an outflow of over $100 million from the Grayscale Bitcoin Trust (GBTC). Since its inception on January 11th, total inflows into physically-backed Bitcoin ETFs have surpassed $2.1 billion, indicating strong demand for BTC in […]
Focus on the Movement of USD/JPY, Targeting 150 Yen?
This week has seen a mix of dollar strength and yen weakness. Dollar strength was underpinned by the surprising strength in the US employment data at the end of last week, coupled with Federal Reserve Chairman Powell’s denial of the possibility of a rate cut in March. However, the rapid pace of dollar appreciation has […]
In the midst of confusion in the dollar market, yen selling may once again take the spotlight.
Today, yen selling gained momentum following comments from BOJ Deputy Governor Uchida. His remarks, indicating skepticism toward a path of raising interest rates rapidly even if negative rates are lifted, were well received, leading to a sharp rise in the Nikkei average and pushing the USD/JPY pair from around 148 to the 148.60 range. Market […]