Key Takeaways 💹 Most Asian currencies weakened, while the dollar steadied 📉 Japanese yen continued to weaken despite government intervention 🏦 Australian dollar fell following a less hawkish tone by the Reserve Bank of Australia 📊 USDJPY pair rose 0.4% to 154 level, struggling to retain strength 🔍 Markets eye Japanese inflation and wage growth … Read more
Key Takeaways: 💵 Most Asian currencies weakened on Tuesday, while the dollar steadied 🇯🇵 Japanese yen continued to weaken despite government intervention 🏦 Reserve Bank of Australia to keep rates steady with a hawkish outlook amid inflation 📈 USDJPY pair rose on yen weakness 🇯🇵 Markets watching Japanese inflation and wage growth for potential BOJ … Read more
Key Takeaways: 💰 Japan likely to intervene in forex market again ⚠️ Betting on USD/JPY trade could be risky 📉 Expectations for U.S. rate cuts increased after weak jobs report 💼 Labor market shift towards balance impacting wage growth 🔄 Cooling job market may lead to further rate cut hopes 📊 Short sellers of yen … Read more
Key Takeaways: 💵 Dollar weakened against most currencies for the fourth straight session 🇯🇵 Yen retreated after strong week following interventions 💼 Fed officials hint at eventual interest rate cuts 📊 Economic calendar light this week, consumer sentiment data key 🔊 Market pricing in rate cuts from Fed this year 💹 Sterling strengthens ahead of … Read more
Key Takeaways: 💵 Weaker dollar for four consecutive sessions due to softer U.S. jobs report 📉 Dollar index tracking lower against basket of major currencies 🤔 Fed unlikely to increase rates, according to Fed Chair Jerome Powell 📅 Light economic calendar this week with focus on consumer sentiment and Fed speakers 📈 Yen weakened against … Read more
Key Takeaways: 💵 Dollar weakened due to bets on multiple Fed rate cuts this year 📉 Yen lower after suspected intervention to pull it away from a 34-year low 📊 Data showed U.S. job growth slowing and wages falling, leading to rate cut expectations 🇺🇸 US job growth slowed in April, leading to increased expectations … Read more
Key Takeaways: 💵 U.S. Dollar steadied after weak nonfarm payrolls data 📉 Markets anticipate potential Federal Reserve interest rate cuts 🇺🇸 U.S. job growth slows, leading to expectations of rate cuts 🌐 Global markets react to US economic data 💶 Euro, sterling, New Zealand dollar, and Australian dollar hold steady against the dollar 🌏 Broader … Read more
Key Takeaways: 💸 Dollar Index traded 0.1% lower, on track for worst week in almost two months 🇯🇵 Yen set for hefty weekly gains, with USD/JPY falling 0.2% 📈 EUR/USD traded 0.2% higher, supported by dollar weakness 🇬🇧 GBP/USD rose 0.2% to 1.2555 following positive UK services PMI 🌏 Broader Asian currencies rose slightly on … Read more
Key Takeaways: 💰 Most Asian currencies rose slightly on Friday ahead of key U.S. payrolls data 📉 Rebound in Japanese yen from 34-year lows amid currency market intervention 🇯🇵 USDJPY pair fell 0.4% to 153.02, impacted by Japanese government intervention ⚖️ USDJPY pair at 160 seen as new line for currency market intervention 📊 Asian … Read more
Key Takeaways: 💸 Japanese yen strengthened, USDJPY hit 3-week low after government intervention 📉 USDJPY pair trading down 0.2% at 153.34 yen 📊 Japanese government suspected of intervening in markets multiple times 🚀 USDJPY surged to 160, new line in the sand for yen 🏦 U.S. Federal Reserve comments kept yen under pressure 📈 Widening … Read more