Key Takeaways: 💹 USDJPY pair nearing key intervention levels 📉 Past government intervention saw USDJPY pair fall as low as 151 yen 🏦 Bank of Japan kept interest rates unchanged in June 📈 BOJ ready to hike rates further if economy improves ⚠️ Japanese government officials maintain warnings on potential intervention 💰 Japanese yen is … Read more
Key Takeaways: 💸 A sliding yuan and outflows of cash from China into Hong Kong signal domestic investors looking for better-yielding assets 📉 Sentiment on China has soured recently due to disappointing macro data and lack of stimulus 📈 Shanghai stock index rose but fell post-May, with foreign investors turning sellers and domestic investors pumping … Read more
Key Takeaways: 💵 The dollar edged higher against major currencies as the U.S. economy showed strength and the Federal Reserve took a patient approach to interest-rate cuts. 📈 U.S. business activity hit a 26-month high in June. 🇯🇵 The Japanese yen will be important for FX traders to watch next week due to U.S. Treasury … Read more
Key Takeaways: 💵 Dollar Index trading higher at 105.365 🇺🇸 Fed officials not eager to cut interest rates 💲 Dollar is set for a third consecutive weekly rise with support from hawkish Federal Reserve comments 💵 U.S. dollar rose to new highs with the Federal Reserve being more hawkish than European counterparts 📉 GBP/USD falling … Read more
Key Takeaways: 💱 Japan was added to the U.S. Treasury’s foreign exchange monitoring list 📉 China remains on the monitoring list due to trade surplus and lack of transparency in foreign exchange policies 🇯🇵 Japan intervened in foreign exchange markets in April and May 2024 to strengthen the yen 🔍 Treasury is closely monitoring China’s … Read more
Key Takeaways: 💵 Dollar rose to a seven-week high against the yen 🇺🇸 U.S. economy showing signs of cooling 📈 Traders await more data for potential Federal Reserve rate cut 🇯🇵 Yen markets rattled by Bank of Japan’s dovish stance 🇪🇺 Euro and 🇬🇧 Sterling fell, boosting dollar index ➡️ Dollar index rose on mixed … Read more
Key Takeaways: 💵 Japan has been added to the U.S. Treasury’s foreign exchange monitoring list. 📊 The criteria for countries to be added to the list include a trade surplus, global account surplus, and net foreign exchange purchases. 💱 China remains on the monitoring list due to a lack of transparency in foreign exchange policies … Read more
Key Takeaways 💰 South African rand weakened by 0.6% against the dollar 📉 Rand had initially weakened over 1% against the dollar 🤔 Investors cautious ahead of President Cyril Ramaphosa’s cabinet appointments 📈 Longer-term momentum for the rand suggests further gains 📉 Top-40 index on the stock market closed 0.72% lower 📉 Rand traded weaker … Read more
Key Takeaways 💰 The dollar rose, while the Swiss franc and pound dropped due to central bank meetings 🇬🇧 The pound slipped after the Bank of England kept interest rates unchanged ⚖️ The decision was described as a "dovish hold" by policymakers 🔒 The Swiss franc fell after the Swiss National Bank lowered interest rates … Read more
Key Takeaways: 💵 U.S. dollar edged higher, while sterling slipped ahead of BOE meeting 📈 Dollar Index traded 0.2% higher at 105.122 🏦 Bank of England expected to keep interest rates unchanged 🇪🇺 Euro weakened due to political instability in the region 🇨🇭 Swiss National Bank reduced key interest rate by 25 basis points 🇯🇵 … Read more