The dollar hovered around 144 yen, with a smoldering sense of caution about intervention, but not much sense of urgency.
USDJPY continues to trade in the 144 yen range, with a slight sense of caution regarding potential intervention. However, there is not a strong sense of urgency in the market. Last week, the cross-discussions among the central bank governors of Japan, the US, the UK, and the Eurozone at the ECB Forum highlighted the contrasting […]
Total +40,522 USD/week. US Dollar will make a big move in a week! Focus on daily economic indicators. Forex Top Team FX Weekly Forecast from July 3, 2023
Total +40,522 USD/week. US Dollar will make a big move in a week! Focus on daily economic indicators. Forex Top Team FX Weekly Forecast from July 3, 2023
Total trading from June 26 to July 1 resulted in a gain of +40,522 USD. The week started with a move towards a stronger yen after Finance Minister Kanda made statements suggesting a curb on yen depreciation. This led to selling of the USD/JPY pair, but contrary to expectations, the trend pushed it into the […]
U.S. May core PCE inflation up 4.6% vs. 4.7% expected. USD selling is accelerating due to slowing inflation.
U.S. May core PCE inflation up 4.6% vs. 4.7% expected. USD selling is accelerating due to slowing inflation.
Dollar appreciates and yen weakens this week, highlighting differences in monetary policy stance Today’s PCE deflator in the U.S.
This week has seen a notable trend of a stronger US dollar and weaker Japanese yen. Supported from both sides, USD/JPY has been gradually and steadily rising from the 143 yen level to the 145 yen level. Despite reaching the key level of 145 yen, which saw yen-buying intervention by the Japanese government last […]
USD/JPY around 144.20, EUR/USD around 1.0920, Bank of Sweden interest rate hike on Powell’s remarks and intervention alert.
In the early London session, USD/JPY is trading near 144.20 while EUR/USD is around 1.0920. Both pairs have retraced the dollar’s strength seen in the Tokyo market. Dollar buying has been supported by the rise in US Treasury yields. As the yield on the 10-year Treasury note climbed from around 3.71% to 3.75%, USD/JPY […]
Australian dollar accelerates lower, monthly CPI growth slower than expected, at 5% for the first time since last April.
The Australian dollar has accelerated its decline as the monthly Consumer Price Index (CPI) for May came in below expectations, showing a slowdown in growth to 5.6%. This puts the CPI in the 5% range for the first time since April last year. In response, the Australian dollar has weakened by 0.78% against the US […]
Many messages from major central banks today, an opportunity for either a pause or acceleration in the yen’s depreciation.
Today, the focus is on the final day of the ECB Forum. Market attention is on the panel discussion featuring Bank of Japan Governor Kuroda, Fed Chair Powell, Bank of England Governor Bailey, and ECB President Lagarde, which starts at 10:30 PM Japan time. Prior to that, ECB Vice President De Guindos, BOE Chief Economist […]
Hong Kong and Shanghai Stocks Rebound on Lull in Yuan Weakness; Will It Spill Over to U.S. and European Markets?
Today, Hong Kong and Shanghai stocks are showing a firm performance. Although the Chinese government has not announced specific economic stimulus measures, Prime Minister Li Keqiang expressed confidence in achieving 5% growth during the Davos conference today. Market attention is also focused on the stabilization of the depreciation of the Chinese yuan. It appears that […]
Little reaction to Treasurer Kanda and Bank of Japan’s main opinion, how about in overseas markets?
The reaction to Kanda, the Ministry of Finance official, and the main opinions of the Bank of Japan appears to be relatively muted. However, it is worth noting how the overseas markets will respond. At the beginning of the week, there was a slight strengthening of the yen. This can be attributed to Kanda’s […]