Key Takeaways: 💸 Global hedge funds retreated from short yen positions during the currency’s rise 📉 Hedge funds covered nearly all short yen positions built up in the last year 🏦 Suspected intervention by Japanese authorities drove yen to around 153 per dollar 🔄 Reversal in yen’s trend disrupted popular carry trades 📉 Yen volatility … Read more
Key Takeaways 💼 Recent political developments and increased odds in favor of Donald Trump have led the market to factor in the upcoming US Presidential election sooner than expected 📉 Any Fed-induced USD weakness is predicted to be brief and shallow, particularly affecting rate-sensitive pairs like USDJPY 🇨🇳 Currencies and economies vulnerable to a potential … Read more
Key Takeaways: 💰 Yen weakened amidst last minute doubts about BOJ rate hike 🇺🇸 Dollar saw a 0.6% increase versus yen 🏦 BOJ’s policy meeting underway with anticipation of rate increase 📈 Markets pricing in slightly more than 50% chance of 10 bps hike 🤔 Economists and BOJ watchers uncertain about rate hike likelihood 🔒 … Read more
Key Takeaways: 💵 Dollar and yen trading within tight ranges ahead of BOJ and Fed meetings 📉 Japanese yen strengthened recently due to stock rout and bets of BOJ rate hike 📈 Markets pricing in 63% chance of 10 bps rate hike by BOJ 🏦 BOJ may announce quantitative tightening plans, uncertain about rate increase … Read more
Key Takeaways: 💱 Most Asian currencies stuck to a tight range amid caution before economic signals 📉 Broader Asian currencies on backfoot due to concerns over slowing Chinese economic growth and US presidential race 🇯🇵 Japanese yen steadying ahead of BOJ meeting 💹 BOJ expected to offer hawkish signals with a potential rate hike and … Read more
Key Takeaways: 💵 The dollar maintained stability amidst anticipation of policy decisions by major central banks. 📈 The yen had a strong weekly rally due to interest rate expectations and stock market sell-off. 🌏 The dollar index rose slightly to 104.56, with the euro slipping to $1.0821. 🇺🇸 Speculation around potential BOJ interest rate hike … Read more
Key Takeaways: 💵 Dollar is stable at the beginning of an eventful week of central bank meetings 📉 Yen remains flat after a strong weekly increase due to shifting interest rate expectations 🇺🇸 Fed and BOJ policy decisions and US employment report are key events to watch this week 📈 Rising speculation of BOJ interest … Read more
Key Takeaways: 💰 Euro has had a good July against USD, but Eurozone likely heading into a recession 📉 European assets may face challenges ahead 🏦 European Central Bank expected to further relax monetary policy this year 💼 Eurozone showing vulnerabilities, could be easily induced into a recession by a shock 📉 ECB rate cuts … Read more
Key Takeaways 💴 Yen remained steady after the best weekly rally in late April 🉐 BOJ and Fed policy decisions on Wednesday awaited for further direction 💣 Geopolitical tensions include Israel’s response to a rocket strike blamed on Hezbollah 📉 U.S. equities seen as a key factor influencing market moves 💰 Investors cutting back on … Read more
Key Takeaways: 💸 Ethiopia’s central bank removed restrictions on the foreign exchange market 📉 Birr currency dropped 30% against the dollar after restrictions were removed 🏦 Ethiopia is making progress on debt overhaul to secure funding from the IMF 💰 Banks can now freely buy and sell foreign currencies at negotiated rates 🌍 IMF and … Read more