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
Key Takeaways 💸 Dollar fell after Fed signaled leaning towards borrowing cost reductions 📉 Recent disappointing inflation readings noted by Fed 📈 Euro gained against dollar by 0.24% 🎌 Dollar weakened against Japanese yen by 0.22% 🛑 Investors closely watching inflation trends 🌍 Global markets reacting to Fed’s assessment 📈 Markets remain uncertain about future … Read more
Key Takeaways: 💸 Global stocks declined for the first time in three sessions 📈 U.S. private payrolls exceeded expectations in April, indicating a positive trend 📉 U.S. job openings fell to a three-year low in March, signaling easing labor market conditions 🏭 U.S. manufacturing contracted in April, reflecting a decline in orders 📊 Markets have … Read more
Key Takeaways: 💹 UBS predicts further upside for the U.S. dollar against G10 currencies 📈 USD offers more potential gains despite recent strength against JPY 🌍 Context for potential joint FX intervention differs from past agreements 📉 Broad U.S. dollar still below 2022 levels and has room for growth 💵 UBS maintains long positions against … Read more