As we approach the weekend’s US employment statistics, the dollar continues to experience upward movements.
This week, there has been a resurgence in the dollar. Amidst speculations about the cessation of US interest rate hikes and early-start rate cut expectations, the dollar had exhibited a clear downward trend in November. US monetary authorities have been cautioning against incorporating expectations of a rate cut into the market, especially given the situation […]
Today’s market is filled with economic indicators related to the non-manufacturing (service) sector.
Today’s market is filled with economic indicators related to the non-manufacturing (service) sector. Final Non-Manufacturing PMI figures for November will be released for France, Germany, the Eurozone, the UK, and the US. Additionally, Spain and Italy will also release their Non-Manufacturing PMI figures for November. In the US, the ISM Non-Manufacturing Business Activity Index for […]
At the beginning of the week, there is a prevailing yen strength, while U.S. monetary officials enter the blackout period.
The start of the week sees a prevailing yen strength in the market. Currently, both the USD/JPY and cross-yen pairs have paused their declines, but there is no apparent upward momentum. In the speech by Federal Reserve Chairman Powell last week, he maintained a generally hawkish stance, cautioning against the previous calls for rate cuts, […]
Is the continuation of the November dollar weakness trend expected in December as the market starts for the month?
The market has started for December, with only one month left in the year. It’s a common pattern that the Christmas mood usually kicks in after passing through the U.S. FOMC meeting, and active trading is expected to be limited to the first half of the month when U.S. employment statistics and consumer price index […]
USD/JPY and cross yen pairs are showing a downside bias.
USD/JPY dropped to its lowest level since September 12th, hitting 146.67 yen, before rebounding to around 147.90 yen. However, it has since slipped back to the lower end of the 147 yen range, reaching 146.85 yen. The market remains cautious about further downside potential. The expectation of an early rate cut in the United States […]
The cautiousness towards USD weakness has somewhat returned, but the rebound is sluggish.
In the Tokyo morning session, the selling pressure on the USD/JPY pair intensified further from the previous days, and it touched 146.67 yen. The dollar selling accelerated as it broke below 147.15 yen, the low from November 21st, following the year’s high of 151.90 yen on November 13th. After reaching 147.15 yen on the 21st, […]
Many U.S. financial officials are speaking today ahead of the weekend blackout.
Today, there are numerous events featuring speeches by US monetary authorities. This comes as we approach the “blackout period,” which begins on Saturday and lasts until the conclusion of the December 13th FOMC meeting. During this blackout period, Federal Reserve officials refrain from making public comments related to monetary policy. Market expectations for this FOMC […]
24th in November 2023, Today’s Options:
EUR/USD: 1.0800 (€19 billion) – 1.0825 (€600 million) 1.0850 (€588 million) 1.0875 (€652 million) 1.0900 (€823 million) – 1.0925 (€950 million) 1.0930 (€395 million) 1.0950 (€670 million) 1.0975 (€451 million) USD/JPY: 147.35 ($738 million) 147.40 ($540 million) 148.25 ($385 million) 148.50 ($710 million) – 149.00 ($428 million) 150.00 ($485 million) Options that are likely […]
Yesterday, the Tokyo market was closed for Labor Thanksgiving Day, and the New York market was closed for Thanksgiving, leaving the dollar market without guidance from US Treasury yields.
Yesterday, the Tokyo market was closed for Labor Thanksgiving Day, and the New York market was closed for Thanksgiving, leaving the dollar market without guidance from US Treasury yields. It appeared that the recent market movements were mostly due to position adjustments. Today, US stock and bond markets resume trading, albeit with shortened sessions. With […]
In the Asian markets today, dollar selling has been dominant as Tokyo observes Labor Thanksgiving Day, leading to a softer USD/JPY trading below the 149 yen level.
In the Asian markets today, dollar selling has been dominant as Tokyo observes Labor Thanksgiving Day, leading to a softer USD/JPY trading below the 149 yen level. However, it remains within the previous day’s rebound range, and the overall price movements are limited. The trend for November shows resistance levels remaining intact, with EUR/USD around […]