About: josephine
Recent Posts by josephine
Japan to intervene in forex market as the Japanese yen hits 34-year low
Key points: This article is a follow-up to: Bank of Japan (BOJ) open to act on excessive Japanese yen decline. On Friday, Finance Minister of Japan Shunichi Suzuki heightened emphasis to take appropriate action against excessive currency movements, highlighting the importance of stability in the foreign exchange market. These comments were made during a regular Continue Reading
Written on August 15, 2026 at 10:30 am
Categories: Today's Analysis
Rupee targets speculative flows after key resistance defeat
Key points The Indian rupee is expected to open steady on Tuesday, influenced by speculative and other flows after failing to breach a key resistance level in recent sessions. Non-deliverable forwards indicate that the rupee (USDINR) will open mostly flat from its previous close of 83.13. The currency approached the psychologically significant level of 83 Continue Reading
Written on August 15, 2026 at 10:29 am
Categories: Today's Analysis
Copper prices rebound on optimism over Chinese demand
Key points: Copper prices climbed on Wednesday, driven by optimism over increased demand from China, being the top copper consumer in the world. Three-month copper on the London Metal Exchange (LME) rose 0.5% to $4.79 per pound, while the most-traded July copper contract on the Shanghai Futures Exchange (SHFE) gained 0.3% to $5.32 per pound. Continue Reading
Written on August 15, 2026 at 10:29 am
Categories: Today's Analysis
Indonesian rupiah, Philippine peso top Asian forex losers
Key points: The Indonesian rupiah and the Philippine peso were the biggest losers among Asian currencies on Wednesday. The upward movement in U.S. benchmark Treasury yields boosted the dollar, making investors cautious about an impending inflation report that could shape global monetary policy. Asian currencies set for monthly losses on strong U.S. data Asian currencies, Continue Reading
Written on August 15, 2026 at 10:29 am
Categories: Today's Analysis
Dollar shows uncertainty despite strong data
Key points: The dollar showed little direction on Wednesday, despite the rise in the U.S. Conference Board’s consumer confidence survey for May. This prevented further weakness in the dollar but left the DXY dollar index trading flat just above 104.50. The EUR/USD pair failed to push above 1.09, and GBP/USD could not sustain a rally Continue Reading
Written on August 15, 2026 at 10:29 am
Categories: Today's Analysis
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