Key Takeaways: 💵 The dollar remains close to an eight-week high 🇹🇯 The yen briefly jumped and weakened to 159.94 per dollar 📉 Yen has come under pressure due to BOJ’s decision to postpone stimulus 💹 Spotlight on U.S. PCE price index, expected to slow to 2.6% in May 🗳️ Political focus on U.S. presidential … Read more
Key Takeaways: 💵 Dollar easing after recent strong performance 📈 Euro seeing slight gains despite German business sentiment dip 📉 Expectations for Federal Reserve rate cut in September based on inflation data 🇪🇺 Uncertainty surrounding GBP due to Bank of England decision and upcoming UK election 🇯🇵 Yen facing intervention threats from Japanese authorities 💱 … Read more
Key Takeaways: 💵 The dollar was slightly weaker on Monday but near an eight-week high 🇯🇵 Japanese authorities warned about potential intervention as yen neared the 160 level 🗣 Japan’s top currency diplomat stated they will take appropriate steps if foreign exchange movement is excessive 🏦 The Bank of Japan’s decision to hold off reducing … Read more
Key Takeaways: 💱 The South African rand weakened in early trade as markets awaited President Ramaphosa’s cabinet announcement 🗳️ Nine parties have joined the ANC in a government of national unity, including the Democratic Alliance 🕒 Ramaphosa’s cabinet announcement is expected this week 🌍 South Africans want elected representatives to work together in building the … Read more
Key Takeaways 💵 Most Asian currencies weak due to strong dollar near two-month highs 🇯🇵 Caution over potential yen intervention measures by Tokyo 🇨🇳 Fears of trade war between China and EU impacting regional markets 📉 Stronger-than-expected US PMI readings driving flows into dollar 💰 Yen weak, government warns of potential 24-hour intervention 🇨🇳 Chinese … Read more
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