Focus on U.S. PCE Deflator Heading into the Weekend: Outlook for the Dollar as the Month Ends
Focus on U.S. PCE Deflator Heading into the Weekend: Outlook for the Dollar as the Month Ends This week, the dollar’s depreciation has shown signs of stabilizing. Following the intensified dollar selling triggered by Powell’s remarks last weekend, the dollar continued to weaken at the beginning of the week but has since shifted to a […]
Yen Surges on Trump Remarks! Market Shaken by Dollar Intervention! Total +52,810 USD/Week FX Weekly Forecast July 22, 2024
The trades from July 15 to July 19 resulted in a total of +52,810 USD. It was another week of significant movement for the Japanese yen. On the 16th, former U.S. President Trump strongly intervened against the strong dollar, saying, “The U.S. has a big problem with the strong dollar. The depreciation of the […]
Awaiting Tomorrow’s PCE Deflator Announcement: Dollar Strength Might See Some Adjustment
Market Summary In yesterday’s overseas market, the USD/JPY exchange rate surpassed the psychological level of 160 yen, reaching a high of approximately 160.87 towards the end of New York trading. Despite Japan’s Vice Finance Minister Kanda’s statement around 10 PM JST about being ready to intervene anytime, the market’s response was muted, seemingly unimpressed by […]
The impact of Commissioner Takada’s surprise remarks continues, with the focus shifting to the PCE deflator in the United States today.
Commissioner Takada’s comments sparked a surge in yen buying, as market speculation about early negative interest rate removal increased due to statements like “While there is uncertainty, the realization of the 2% target seems to be finally foreseeable” and “It may be okay to lower the gear of monetary policy from very strong monetary easing.” […]
Weekend with Limited Catalysts, Watching U.S. Personal Income, Spending, and PCE Deflator
Today, both economic indicators and speaking events seem to have limited catalysts. In terms of economic indicators, during the London session, we will see French Consumer Confidence for October. During the New York session, we will have the release of Mexico’s Trade Balance for September, U.S. Personal Income and Spending for September, U.S. PCE […]
Dollar appreciates and yen weakens this week, highlighting differences in monetary policy stance Today’s PCE deflator in the U.S.
This week has seen a notable trend of a stronger US dollar and weaker Japanese yen. Supported from both sides, USD/JPY has been gradually and steadily rising from the 143 yen level to the 145 yen level. Despite reaching the key level of 145 yen, which saw yen-buying intervention by the Japanese government last […]
The USD/JPY pair has reached a key level of 140 yen, and there is a possibility of further upward movement.
This week, the trend of a stronger US dollar has intensified. Among the major currencies, there has been noticeable buying of the US dollar against Oceanic currencies such as the New Zealand dollar and the Australian dollar. Following that, the yen has been sold off. Although the USD/JPY exchange rate is still far from last […]