USD/JPY: Test of 160 or Consolidation? | Oil and Intervention Risks Cap Direction
USD/JPY: Test of 160 or Consolidation? | Oil and Intervention Risks Cap Direction ■ Market Overview The Tokyo session opened with JPY weakness leading the move. Middle East risks + higher oil prices Bank of Japan maintaining a cautious stance on rate hikes → JPY weakness driven mainly by cross-yen flows However, momentum faded in […]
It seems like there’s a continued strength in the dollar’s upward momentum leading into the weekend. However, there’s also a cautious anticipation regarding possible intervention.
It seems like there’s a continued strength in the dollar’s upward momentum leading into the weekend. However, there’s also a cautious anticipation regarding possible intervention. In terms of economic data, upcoming releases include the US Import and Export Price Indexes for March, as well as the Preliminary University of Michigan Consumer Sentiment Index for April. […]