#USDJPY



Bank of Japan (BOJ) Governor Haruhiko Kuroda said in a speech on Friday that he sees no need to reconsider current monetary policy at the moment, however, adjustments would be made in the future if necessary. Things to take into account for such a...
CIBC Research discusses USD/JPY outlook and adopts a structural bearish bias targeting the cross at 104 by year-end.With USDJPY well linked to government bond spreads in the last two years, the yen should be a beneficiary of any upward pressure on JGBs emanating from a less-dovish tone...
FOMC minutes were released not too long ago and they reveal that the June rate hike is very likely to happen after FED members were positive about the state of the economy and the recent rise in inflation. It also showed that if inflation...
Here are the latest developments in global markets:FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – was 0.3% higher on Monday, touching a fresh high for 2018. Meanwhile, the safe-haven Japanese yen continued to lose...
This week should be all about contesting and consolidating last week’s significant breakouts in 10 year UST, EURUSD, USDJPY and Oil Prices. And despite weekend inspired short-covering in US fixed income, we’ve seen a weekly close in US 10y above 3.05 %. And with...
More Volatility on the Way!!The US administration Iran deal exit announcement rolled out in typical President Trump spectacular fashion, but at the end of the day, the market’s response was somewhat unenthusiastic with few substantive changes in Gold, Yields or equities.But that belies the...
Here are the latest developments in global markets:FOREX: The US dollar index, which gauges the greenback’s strength against a basket of six major currencies, was practically flat on Tuesday ahead of a speech by Fed Chair Jerome Powell at 0715 GMT. It touched its highest level in five...
AUD/USD: Bearish (02 May 18, 0.7485): Target a move to 0.7410.We just shifted to a bearish stance yesterday (02 May, spot at 0.7485) and there is no change to the view. The ‘target’ remains unchanged at 0.7410 even though 0.7440 is quite a strong shorter-term...
As expected the Federal Reserve kept monetary policy unchanged at its latest meeting, but there was never any expectation that this wouldn’t be the case. Investors were much more interested to see what policymakers thought about the outlook for inflation and the economy.Unsurprisingly there was a...
Here are the latest developments in global markets:FOREX: The US dollar index is higher on Friday, but by less than 0.1%, building on the gains it posted yesterday. Meanwhile, the euro was on the back foot, after the ECB maintained a relatively cautious tone in yesterday’s...
Here are the latest developments in global markets:FOREX: The US dollar index inched lower on Thursday, but by less than 0.1%, giving back some of the gains it achieved yesterday on the back of surging US bond yields. The euro was relatively steady ahead of today’s...
G-10 and EM currencies yield to dollar demandThe recent rise in US yields is responsible for crystallising USD strength, and this appears to have been accentuated by comparatively strong data flow in the US. But next week’s  US Trade Roadshow to China, which includes...
USD/JPY continues to move upwards this week. In Tuesday’s North American session, USD/JPY is trading at 109.14, up 0.40% on the day. On the release front, Japanese inflation data met expectations. The Services Producer Price Index dropped from 0.6% to 0.5%, matching the estimate....
The USD has put on a compelling show overnight as the stars align on the back of higher US Yields and a considerable reduction in the US dollars geopolitical risk premium as an outwardly calmer mood surrounding trade and geopolitical risk takes hold.While its...
Here are the latest developments in global markets:FOREX: The US dollar traded 0.1% lower against a basket of six major currencies on Tuesday, giving back some of the notable gains it posted yesterday on the back of surging US bond yields. Despite today’s pullback, the dollar...
USD/JPY has posted strong gains in the Monday session. In North American trade, USD/JPY is trading at 108.57, up 0.86% on the day. On the release front, Japanese Flash Manufacturing PMI inched up to 53.3, just shy of the estimate of 53.4 points. Later...
Talking Points:The US Dollar has traded up to fresh seven-week highs this morning, extending gains that started to show last week. As we move into a week that brings rate decisions out of both the European Central Bank and the Bank of Japan, the...
EUR/USD: Neutral (since 05 Mar 18, 1.2335): Pressure shifts to the downside, expect further weakness to 1.2212.We highlighted last Friday that the near-term bias is “tilted to the downside but any weakness is viewed as part of a 1.2260/1.2400 sideway trading range instead of...
US  stock market had its first loss of the week as technology companies and consumer products went south.Overall earnings were quite bullish for markets, but there are the usual post earnings pessimism permeating  markets that this is about as good as its going to...
USD/JPY is trading sideways in the Monday session. In North American trade, USD/JPY is trading at 107.25, down 0.10% on the day. On the release front, there are no Japanese events on the schedule. In the US, Core Retail Sales remained unchanged at 0.2%,...
EUR/USD: Neutral (since 05 Mar 18, 1.2335): Upward pressure dented but another attempt towards 1.2400 is not ruled out.The release of ECB’s minutes yesterday sent EUR tumbling to a low of 1.2298. The ‘key support’ highlighted at 1.2280 in recent updates is still intact...
FOREX: The US dollar index – which measures the greenback’s performance against six major currencies – dipped by 0.17% on Wednesday and safe-havens jumped once again after China took further trade retaliatory measures against the US today, imposing a 25% import tariff on key US products. Dollar/yen...
EUR/USD: Neutral (since 05 Mar 18, 1.2335): Weakened undertone increases risk of a deeper pull-back.We have held a neutral stance for about a month now and since then; EUR has been trading within a relatively narrow 1.2237/1.2476 range. That said, shorter-term price action has...
Here are the latest developments in global markets:FOREX: The US dollar traded 0.1% lower against a basket of six major currencies on Tuesday. Yesterday, the major mover was the Japanese yen, which surged on safe-haven demand, as trade concerns remained at the forefront. The Canadian...
The dollar is slightly higher against the Japanese Yen following disappointing economic data from the country. Yesterday, we received the Tankan Large Manufacturers and Non-Manufacturers Index which missed the consensus estimates. The Manufacturers Index remained unchanged at 23, a point lower than what analysts...
USD/JPY has posted gains in the Tuesday session, continuing the upward movement we saw on Monday. In the North American session, USD/JPY is trading at 105.61, up 0.20% on the day. On the inflation front, Japanese Services Producer Price Index ticked lower to 0.6%, missing the forecast...
EUR/USD: Neutral (since 05 Mar 18, 1.2335): Still neutral, back in a consolidation phase.EUR continues to trade a muted manner last Friday and the recent mild downward pressure has eased. We previously expected EUR to move lower and test the strong 1.2200 support but this...
Dollar rebounds from one-month low to trade little changed; antipodeans gain as trade war fears recede somewhatThe dollar index was roughly flat at 89.46 at 0630 GMT after previously falling to as low as 89.35, a level last seen on February 20. The greenback...
EUR/USD: Neutral (since 05 Mar 18, 1.2335): EUR is expected to move lower and test the strong 1.2200 support.EUR edged to a low of 1.2256 before staging a surprisingly strong rebound. However, as highlighted yesterday (19 Mar, spot at 1.2285), only a move back above...
The Dollar has certainly displayed some resilience against a wave of political uncertainty and heightened fears of U.S protectionism this week.Bold comments from the White House’s new national economic advisor, Larry Kudlow, stating that he would “buy King Dollar” heavily supported the currency, while...

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