Today’s Market Outlook Safe-Haven Dollar Demand Drives the Market as Traders Watch for Weekend Position Adjustments
Today’s Market Outlook Safe-Haven Dollar Demand Drives the Market as Traders Watch for Weekend Position Adjustments ■ Market Overview The Tokyo session has remained relatively subdued, with price action largely confined to narrow ranges. However, the dollar strengthened during the previous overseas session and continues to hold those gains today. The main driver is the […]
Today’s Market Outlook Will the USD/JPY Pullback Continue? Focus Turns to Weekend Positioning and Overseas Flows
Today’s Market Outlook Will the USD/JPY Pullback Continue? Focus Turns to Weekend Positioning and Overseas Flows ■ Market Overview USD/JPY fell sharply during the Tokyo session, dropping from the mid-162s into the low-161s. The move was triggered by comments from Finance Minister Katayama, who stated that: “The ruling coalition is still discussing the wording of […]