Fluctuating dollar market, last weekend’s U.S. employment statistics showed a sudden depreciation of the dollar
According to last weekend’s US employment statistics, the number of employees increased more than expected, and the unemployment rate hit a record low. However, the market strengthened the dollar selling reaction. This was due to slower-than-expected growth in average weekly hourly wages. Market expectations for a 25 basis point rate hike at the US FOMC […]
Bank of Japan does not rush to re-correct YCC, assessing the impact and effects of the December decision
The Bank of Japan is in the phase of assessing the impact and effects of the operational review of yield curve control (yield curve control, YCC) decided at the Monetary Policy Meeting in December last year, and does not see any need for further revisions at this stage. there is This was confirmed through interviews […]
to see the USD flow after the release of the US employment statistics.
The USD was weak at the beginning of the week, but the USD rose completely after the ADP employment statistics. It will be interesting to see if the flow of the USD changes after the release of the US employment statistics.
Opportunity for the rise of the dollar and yen spreads, both in terms of the dollar and the yen
Since the start of the 2023 market, the dollar/yen has risen, and the accompanying rise in the cross-yen has been conspicuous. The dollar/yen has bottomed out at the 129.58 level and is currently rising to the 134 yen level. With the start of the new year market, Chinese and European stocks have been performing well, […]
Short-term financial markets, factoring in a 25bp interest rate hike at the February FOMC meeting decreased
In response to a succession of strong employment-related indicators, there has been a change in expectations of interest rate hikes in the money market. CME FedWatch shows that the 25bp pricing at the February FOMC meeting fell to 58.1% from 69.7% yesterday. On the other hand, the degree of 50bp incorporation increased from 30.3% to […]
Seek clues from the US dollar and US indicators
Since the end of last year, the dollar exchange rate has fluctuated without showing any direction. The US dollar weakened in the second half of last year, but lost its direction during the Christmas market and the year-end market. Although activity has been returning since the beginning of the year, no decisive blow has yet […]
The Australian dollar is firm, and the movement of risk appetite is favorable
In the early stages of London, the Australian dollar continues to rise to high levels. There were reports that the Chinese authorities are in talks to partially end the embargo on Australian coal. In addition, there was a report that support measures for the real estate industry were being considered in China, and the Hong […]
USD buying occurred led by European currencies.
I thought that the price would break below 130 yen and move forward, but a large USD buying occurred led by European currencies. However, since it is the beginning of the new year when liquidity is declining, we believe that the direction may change soon, so we will continue to sell USDJPY.
At the end of a turbulent year, there is also concern about yen appreciation amid thin sales
“This year has been an eventful year.” The Ukrainian war suddenly broke out while the economy was expected to recover from the new corona disaster. The optimism in the market suddenly collapsed. Supply bottlenecks became a problem due to soaring energy prices, soaring food prices such as wheat, and turmoil in logistics and production systems […]
Focusing attention on the dollar-yen exchange rate, ascertaining the movement of reversal selling
As the year-end market approaches, the volatility of the dollar-yen exchange rate is increasing. The reason for this is that the expansion of the YCC fluctuation range shocked the market at the Bank of Japan decision meeting on December 20. In the market, attention to the dollar-yen exchange rate is increasing ahead of the next […]