+24,269 USD Will USD/JPY Move Again on U.S. CPI? Watch for EUR/JPY Rally-Selling Amid Intervention Risks
Will USD/JPY Move Again on U.S. CPI? Watch for EUR/JPY Rally-Selling Amid Intervention Risks Trading Results (August 3–7) Weekly Total: +24,269 USD ■ This Week’s Overview This week, markets were heavily influenced by the rebound following last week’s coordinated U.S.-Japan intervention and the deterioration in U.S. employment data. USD/JPY fell into the 155 range before […]
Market moving toward a weaker dollar, with the U.S. Consumer Price Index set for tomorrow.
The market has started to move in a direction of USD weakness since the release of last week’s US employment statistics. Following the lower-than-expected increase in non-farm payrolls, speculations of a slowdown in the upcoming US consumer price index (CPI) have pushed down the USD, along with a decline in US bond yields. Yesterday, prominent […]