Key Takeaways: 🔻 The yen dropped after a Bank of Japan official downplayed rate hike chances 💹 Japanese stocks rose after BOJ official’s remarks 📉 Carry trades are being unwound due to market uncertainty 📈 U.S. dollar index rose after global market turmoil 💼 Traders increased bets on Federal Reserve rate cuts 🦘 Australian dollar … Read more
Key Takeaways: 💰 BOJ official stated near-term rate hike unlikely, calming market concerns 📈 Yen fell 2.5% against the dollar, dollar rose 1.79% against yen 📉 BOJ’s recent hike and carry trades linked to market volatility 💼 Analysts question if BOJ’s hawkish turn could be a policy error 💱 Yen decline affected other carry trade … Read more
Key Takeaways: 🇵🇱 Seven Polish nationals arrested for raising Russian flags during anti-government protests in Nigeria 🇳🇬 Nigerian Chief of Defence Staff considers brandishing a foreign flag during protests a "treasonable offence" 🚩 Some protesters in northern states of Nigeria called for a military takeover, waving hundreds of Russian flags 🇳🇬 Nigerian tailors detained for … Read more
Key Takeaways: 💵 USD/JPY vulnerable to increased selling 📈 Yen remaining above 38-year lows 🔄 Yen carry trade questioned due to Japanese interventions 💹 Analysts predict USD/JPY to decline in coming years 💰 The Yen is strengthening against other currencies 🏦 The Bank of Japan’s interest rate trajectory is uncertain 📉 Global economic uncertainty is … Read more
Key Takeaways 💴 The U.S. dollar edged higher while the Japanese yen slumped after the Bank of Japan signaled no more rate hikes during market volatility 💵 Markets now pricing in a 70% chance of a 50 bps Fed rate cut in September 🌍 Britain’s economy grew more strongly than previously thought in 2022, GDP … Read more
Key Takeaways: 💰 Yen plummeted on BOJ official’s remarks hinting no rate hikes in near future 📉 Yen’s broad-based decline against currencies like Mexican peso, NZ dollar, and Aussie dollar 🌍 Market volatility due to U.S. recession fears and tech firm earnings impacting riskier assets 💼 Traders expect Fed to cut rates by year-end with … Read more
Key Takeaways: 💵 Asian currencies are stable as the dollar remains steady 📉 The yen has fallen as the Bank of Japan keeps monetary policy steady 🌏 Overall, currency markets in Asia are relatively calm 📈 Investors are closely monitoring central bank decisions for potential impacts on FX markets 📊 Equity markets reassessing and trying … Read more
Key Takeaways: 💹 Dollar recovered ground against major peers 📉 Japanese yen steadied around seven-month highs 📈 Equity markets reassessment in progress 🔄 Carry trades unwinding affecting safe haven demand 📉 U.S. job data impacting global equity sell-off 💵 Dollar regained ground on euro and pound 💼 Traders focusing on pricing U.S. Federal Reserve policy … Read more
Key Takeaways: 💵 Dollar recovered ground against most major peers 📈 Japanese yen steadied around 7-month highs against the U.S. dollar 🌐 Calm returned to currency markets as volatility eased 🔁 Safe haven demand dissipating with flows returning to normal 💰 Carry trade unwind driven by uptick in volatility 📉 Swiss franc little changed against … Read more
Key Takeaways 💵 Canadian dollar weakened against the greenback 📈 Yield on Canadian government 10-year bond climbed 📊 Canadian services economy contracted further in July with declining activity and new business ⬆️ New business index rose slightly, and future activity measure increased for the first time since February 💰 Elevated wage costs contributed to inflation … Read more