europefx Key Takeaways 💹 U.S. dollar retreated from near six-month highs after Fed Chair’s comments 📆 Barclays still sees potential for dollar upside despite market concerns 📊 U.S. inflation today is accelerating to very high levels 💡 Improvement in China growth likely to decelerate in second half of the year 🏦 Relative shift in rhetoric among … Read more
Key Takeaways: 💹 Yen surged against the dollar in early Asian hours suspected to be intervention 📉 Dollar tumbled to 153 yen, attributed to Japan’s Ministry of Finance selling dollars 🕰 Intervention occurred in a quiet period after the U.S. stock market closed 💱 Currency strategists see 160 yen per dollar as Japan’s "final defence … Read more
Key Takeaways 💲 The U.S. dollar stabilized after Powell’s speech ruling out rate hikes 📉 Eurozone’s manufacturing sector remains weak, impacting EUR/USD 🇬🇧 GBP/USD traded lower awaiting services PMI data release 🇯🇵 USD/JPY made recovery after intervention talk due to yen weakness 🌏 Broader Asian currencies remained flat, AUD/USD up despite trade balance shrinkage 📊 … Read more
Key Takeaways 💰 Short bets on most Asian currencies are at multi-month highs 📉 Growing expectations of U.S. interest rates staying higher for longer are affecting riskier assets 📈 Possible extended hold at 5.25%-5.50% range by Fed 🇨🇳 Weakness in the Chinese yuan could impact sentiment towards Asian currencies 🇮🇳 Investors turned bearish on the … Read more
Key Takeaways: 🔹 Yen dropped against the dollar following suspected intervention by Japanese authorities 🔹 Dollar on the back foot after Fed Chair confirmed easing bias 🔹 Sharp move occurred after Wall Street closed and Fed meeting ended 🔹 Yen down 0.5% against dollar after surge and subsequent drop 🔹 Japan’s MOF likely intervened to … Read more
Key Takeaways: 💹 Yen weakened against the dollar, attributed to suspected intervention by Japanese authorities 🏦 Dollar already on backfoot as Fed Chair confirms central bank’s easing bias 🛑 Suspected Japanese intervention to signal 160 yen per dollar as line in the sand 📈 Fed refrained from increasing hawkishness, signalling longer wait for rate hikes … Read more
Key Takeaways 💰 Most Asian currencies remain stable despite a drop in the US dollar as the Fed indicates rates are unlikely to change in the near-term 📉 Rebound in the Japanese yen appears to be driven by government intervention in currency markets 🇺🇸 The dollar sank from six-month highs after the Fed’s comments but … Read more
Key Takeaways 💹 Yen weakened sharply amid suspected government intervention and specter of high U.S. interest rates 📉 USDJPY pair rose 1% to 156 after sliding as low as 153 on Wednesday 🏦 Japan declined to confirm intervention, but expected to disclose in May 🌐 Main drivers of yen weakness still in play despite suspected … Read more
Key Takeaways: 💰 Dollar fell after U.S. Federal Reserve signaled leaning towards rate reductions 📈 Stickier-than-expected consumer price inflation affecting rate cut expectations 🌏 Asian currencies remain muted ahead of Federal Reserve meeting 📈 Futures markets pricing in only one rate cut by year-end 🇪🇺 EUR/USD edges higher as eurozone inflation remains steady 🇬🇧 GBP/USD … Read more
Key Takeaways: 🔻 Dollar fell after Fed signaled leaning towards rate cuts 📉 Fed wants confidence that inflation will fall before cutting rates 📊 Fed unlikely to hike next 📈 Consumer price inflation in March higher than expected 💵 Fed announced tapering balance sheet shrinkage 📆 Friday’s jobs report expected to show job growth 💶 … Read more