Today’s Market Outlook Will Calm Summer-Vacation Trading Continue? Dollar Weakness and Dip-Buying Demand Intersect

Today’s Market Outlook Will Calm Summer-Vacation Trading Continue? Dollar Weakness and Dip-Buying Demand Intersect ■ Market Summary As the global summer vacation season reduces market participation, today’s FX market is showing relatively calm trading conditions. Following the U.S. employment report on the 7th, last week’s U.S. CPI, PPI, and retail sales data were also broadly […]

Today’s Market Outlook Focus on Whether U.S. CPI Gives the Dollar a Clear Direction

Today’s Market Outlook Focus on Whether U.S. CPI Gives the Dollar a Clear Direction ■ Market Summary The main focus today is the July U.S. Consumer Price Index (CPI). The market expects headline CPI to rise 3.4% year-on-year, slowing slightly from 3.5% previously. Core CPI is expected at 2.5% year-on-year, compared with 2.6% previously. Both […]

Today’s Market Outlook Quiet Trading Ahead of Tomorrow’s US Jobs Report

Today’s Market Outlook Quiet Trading Ahead of Tomorrow’s US Jobs Report ■ Market Overview The FX market is generally calm today. Following last week’s coordinated US-Japan intervention, USD/JPY underwent a substantial adjustment toward yen strength, falling from the 163 range into the 155 range. Although it recovered into the 157 range at the start of […]

Today’s Market Outlook USD/JPY Battles Around 157 as Equity-Driven Yen Selling Meets Coordinated Intervention Concerns

Today’s Market Outlook USD/JPY Battles Around 157 as Equity-Driven Yen Selling Meets Coordinated Intervention Concerns ■ Market Overview USD/JPY plunged to the low-155 range following last week’s coordinated US-Japan intervention, but it has since been bought back toward 158 this week. Trading is currently centered in the 157 range, with post-intervention yen-buying pressure competing against […]