Since the beginning of this week, the USD has seen some buying interest return.
Last week’s US employment statistics showed weaker-than-expected unemployment rates and job numbers, causing the USD to weaken alongside a drop in US bond yields. However, at the start of this week, with no specific catalysts in sight, a correction seems to be taking place. The depth of this correction varies among different currency pairs. EUR/USD […]
Starting the Week with Limited Catalysts, Continuing the Post-Event Sentiment from Last Week
At the beginning of the week, there are no prominent catalysts in sight. It seems that the market is likely to continue the sentiment from last week following various events. The most recent event was the US employment data released at the end of last week. Job growth slowed down, the unemployment rate unexpectedly rose, […]
Will Dollar Selling Continue After the FOMC? Focus on US Employment Data Today
This week, following announcements like the FOMC and the US quarterly Treasury bond auction plan, US bond yields have decreased. Dollar selling has expanded in the latter part of the week. However, when looking at the overall picture of the US Dollar Index for October, it has not broken free from the range between the […]
Dollar Selling Prevails Post FOMC, While Attention Shifts to Tomorrow’s US Employment Data – Today: Bank of England Interest Rate Announcement”
This week has seen a series of important events. The Bank of Japan’s decision to remain with Yield Curve Control (YCC) measures during its meeting led to yen depreciation. Yesterday, the dollar saw increased selling following several factors, including the quarterly Treasury bond auction not increasing as much as expected, weaker economic statistics, and […]
“Dollar/Yen Around 152 Yen Level Is Key, Intervention in Focus – Today’s Focus on US ADP Employment Data”
The forex market, including the USD/JPY pair, is showing a widespread move towards yen depreciation. This comes as no surprise, given the recent Bank of Japan (BoJ) decision to enhance Yield Curve Control (YCC), Governor Ueda’s press conference, and the fact that there has been zero intervention in the forex market between September 27 and […]
BOJ YCC revision again is factored in; Yen sell-off reaction, but not intervention.
The Bank of Japan’s Yield Curve Control (YCC) revision has been announced. They have shifted from a stance of firmly adhering to the previous 1% upper limit to adopting a more flexible approach with a target around 1%. The target level for the yield curve control operation has been changed to be decided depending on […]
“Israeli Ground Forces Reach Major Roads in Gaza Strip,” Local Reports Say
The Israeli military continues to expand its ground operations in the Gaza Strip. Local reports indicate that on the morning of the 30th, Israeli ground forces reached major roads that traverse the Gaza Strip from north to south, suggesting an intention to divide the Gaza Strip for operational purposes. Israeli forces have been conducting intense […]
Weekend with Limited Catalysts, Watching U.S. Personal Income, Spending, and PCE Deflator
Today, both economic indicators and speaking events seem to have limited catalysts. In terms of economic indicators, during the London session, we will see French Consumer Confidence for October. During the New York session, we will have the release of Mexico’s Trade Balance for September, U.S. Personal Income and Spending for September, U.S. PCE […]
USD/JPY Hits Year-to-Date Highs, Focus on Today’s U.S. GDP Preliminary Data
USD/JPY appears to be breaking out to the upside from the battle around 150 yen. Following the strong U.S. new home sales data released yesterday, U.S. bond yields are rising once again. This has propelled the USD/JPY into the 150 yen range, testing higher levels. Today, it has been bought up to the latter half […]
Checking the Euro Exchange Rate Trends Ahead of Tomorrow’s ECB Meeting
This week, the impression is that the dollar exchange rate is being tossed around due to the sharp fluctuations in US bond yields. One factor behind the rise in yields is the expectation that the US monetary authorities will maintain high interest rates for an extended period. Additionally, there are concerns about inflation reigniting amid […]