From Easing Middle East Risks to a Hawkish Fed: The Dollar Reclaims Center Stage
From Easing Middle East Risks to a Hawkish Fed: The Dollar Reclaims Center Stage Market Overview The market narrative has shifted significantly this week. Until recently, the dominant theme was: “Middle East tensions.” This week, however, the focus has moved to: “Expectations of further Federal Reserve tightening.” The United States and Iran completed the signing […]
USD/JPY Approaches 160 Again as Middle East Risks Ease Slightly
USD/JPY Approaches 160 Again as Middle East Risks Ease Slightly USD/JPY has risen into the upper 159 range and is once again approaching the psychologically important 160 level. The main drivers behind the move are: Ongoing interest rate differentials between the United States and Japan Risk appetite supported by strong equity markets A renewed expansion […]
Market gradually stabilizes after the panic at the start of the week, but aftereffects linger
This week began with a historically significant panic in the markets. The turmoil was triggered by Bank of Japan Governor Ueda’s remarks hinting at the possibility of additional rate hikes, coupled with concerns about a slowing U.S. economy following weaker-than-expected employment data. This led to a sudden reversal of the accumulated bullish trends in equities […]
Dollar / Cross-yen declines once again = NY exchange
In the early NY transaction, the dollar and cross yen have both stopped declining. US Secretary of State Pompeo and President Trump seemed to have eased the market’s vigilance by saying they do not want a war with Iran and have prioritized negotiations. USD / JPY 108.14 EUR / JPY 120.55 EUR / USD 1.1147