Key Takeaways: 💵 Yen hits fresh 34-year low against the dollar 📉 Dollar broke above 155 yen level for the first time since 1990 🇯🇵 Tokyo authorities may intervene if yen breaches 155 level 🏦 BOJ expected to deliver a marginally hawkish hold outcome 🇪🇺 Euro and sterling rose after upbeat business activity data 📈 … Read more
Key Takeaways: 💵 The South African rand remained stable in early trade before producer inflation data release 📊 Statistics South Africa will release the March Producer Price Index around 0930 GMT 📈 Analysts predict a slight increase in March producer inflation to 4.6% 🏦 The South African Reserve Bank has kept its main interest rate … Read more
Key Takeaways 💱 Most Asian currencies remained stable on Thursday amid uncertainty over U.S. interest rates 📉 USDJPY pair hit new 34-year highs before Bank of Japan meeting 🚫 Expected currency intervention from Japanese government did not materialize despite USDJPY surpassing 155 🏦 Upcoming BOJ meeting focused on potential signals on interest rates 💵 Dollar … Read more
Key Takeaways: 💵 US Dollar Index Futures rose 0.15% to 105.66 🌎 US economic exceptionalism is dominating the currency market 🕊️ Federal Reserve remains hawkish compared to other central banks 📉 Dollar’s downfall may come after the summer if inflation slows and other economies improve 💹 Recent data from UK and Eurozone surprised on the … Read more
Key Takeaways: 💴 Yen slumps against US dollar hitting its weakest point since the 1990s 📉 US dollar strengthens against most currencies after data indicates US business activity slowdown 🇯🇵 Japanese authorities monitoring currency moves closely and may intervene if yen continues to weaken to 160 or 170 levels 🏦 Bank of Japan expected to … Read more
Key Takeaways: 💸 Japan’s yen weakened to 155 per dollar, lowest since 1990 📉 Market nerves around the 155 level lead to choppy trading 🇺🇸 Strong U.S. inflation data boosts dollar to five-month highs 🏦 Anticipation for Japanese currency intervention rises 🤝 U.S., Japan, and South Korea issue joint statement on currency issue at IMF/World … Read more
Key Takeaways: 💵 Dollar recovered ground against euro and sterling 📉 Euro down at $1.0688 after business activity growth 🏴 Sterling benefits from British business activity growth 🕵 Federal Reserve’s targeted consumer inflation measure to be released 📈 US dollar expected to continue doing well in the short term 💴 Yen reaches a 34-year low … Read more
Key Takeaways 💵 U.S. dollar rebounds after previous selloff 🇪🇺 Euro retreated after gaining on eurozone business activity data 💼 Data showed U.S. business growth cooling in April 🗓️ Major economic data releases expected this week 🏦 Central banks in the U.S., Europe, UK, and Japan making monetary policy decisions 📈 GBP/USD fell after gains … Read more
Key Takeaways: 💸 Party executive Takao Ochi stated that yen sliding towards 160 to the dollar could prompt policymakers to consider action 📉 Little active discussion on appropriate yen levels for intervention currently 🔄 General thinking within the LDP is to carefully evaluate the impact of yen weakness rather than rushing to reverse declines 🌍 … Read more
Key Takeaways: 💵 The dollar experienced significant losses against the euro and sterling, but the yen remained near 34-year lows despite intervention warnings. 📈 The Australian dollar strengthened due to hotter-than-expected local consumer price data, eliminating the possibility of RBA rate cuts. 🌍 European activity data showed robust growth, impacting the performance of the euro … Read more