The series of events passed last week also has high yen-related market volatility.
In the foreign exchange market at the beginning of the week, the yen exchange rate has been turbulent. The unexpectedly strong result of last weekend’s US employment statistics led to a sharp rise in US bond yields and the dollar/yen pair climbed from the 128 yen level to the 131 yen level at the end […]
Dollar rises sharply, US employment statistics are strong across the board, dollar yen to 130 yen level
The dollar has surged in response to the results of the January US employment statistics. The number of employees increased to 517,000, more than double the market forecast of 190,000. The previous figure was also revised upward from 223,000 to 260,000. The unemployment rate fell unexpectedly to 3.4%, the lowest level on record. The labor […]
The US, UK, and European central bank events have passed, and the US employment statistics are announced today
This week is full of notable events. The monetary policy announcements of the US, UK, and European central banks have passed without incident. The US FOMC hiked interest rates by 25bp, while the UK MPC and ECB hiked by 50bp each, in line with market expectations. Despite the nervous price movements, there seems to be […]
There is a possibility that the dollar will sell at the US FOMC and the euro will stand alone at the meeting of the British and European central banks
At yesterday’s US FOMC meeting, the interest rate was raised by 25bp as expected. At the press conference of FRB Chairman Powell, he showed a conventional attitude of suppressing inflation, continued to raise interest rates in the future, and showed a sense of caution against premature easing. However, it was in the early stages of […]
Dollar selling reaction, US ADP employment increase only 106,000
According to the US ADP employment statistics for January, the employment increase was only 106,000. Market expectations were for an increase of about 180,000. The previous figure was revised upward from 235,000 to 253,000. The reaction of dollar selling spread because it became a low number that became the lower limit of the market expectation. […]
A 25bp rate hike at the US FOMC meeting has already been factored in, pay attention to Chairman Powell’s press conference
The results of the first US FOMC meeting of the year are scheduled to be announced today. Since the end of last year, the market has fully priced in a 25 basis point hike, so there seems to be no turbulence about the size of the hike. The focus will likely be on the content […]
USD short
The minus of yesterday’s EURUSD purchase was large, and this week’s balance is still in the negative zone, but today we were able to reduce the negative range considerably. Ahead of tomorrow’s FOMC meeting, the US dollar is starting to move significantly, but the aim is to continue to sell the US dollar.
Ahead of next week’s series of events, the weekend will be quiet
This week has been a week of stable risk trends. U.S. economic data has been weak since the beginning of the year, but this week’s preliminary PMI, GDP, durable goods orders and unemployment claims all showed signs of recovery. Although the impact of high inflation is still unpredictable, there seem to be many bright […]
US GDP was +2.9%
US GDP was +2.9%, exceeding the forecast of 2.6%, but not reaching the previous 3.2%, and the USD is volatile with half-hearted figures. If it calms down, we assume that it will return to selling USD again, and have been entering USDJPY selling from a while ago.
IMF proposes revisions to BOJ easing Long-term interest rate guidance “flexibly”
The International Monetary Fund (IMF) in a statement released on the 26th proposed revisions to the Bank of Japan’s monetary easing. Long-term interest rates, which have been kept below 0.5%, were given flexibility to prepare for a situation in which inflation exceeds expectations. He also warned that interest rates could skyrocket if government debt continues […]