Yen

16 May 2024
As CPI risk clears, asian markets take off

Key points: Asian Markets Rally: Fresh optimism about potential U.S. interest rate cuts boosts stocks across Asia, despite ongoing concerns in China and Japan. Major Economic Indicators: Upcoming reports on Japan’s GDP, Australian unemployment, and monetary policy in the Philippines …

15 May 2024
US economic indicators continue to influence Yen performance 

Key Points:  The Japanese yen (JPY) shows weakness against major currencies in response to risk-on sentiment fueled by potential US rate cuts.  Revised March PPI data and strong April figures influence expectations, leading to a 51% likelihood of a Fed …

14 May 2024
MARKETS TODAY: Gold rally slowing down, Cable sees upswing

Key points Gold faced resistance at $2,375 and subsequently retreated, highlighting a potential retest of support at $2,280. EUR/USD broke past significant moving averages, suggesting a possible continuation of its upward trend. On Monday, gold prices failed to sustain an …

14 May 2024
Dollar drifts as traders await US inflation data; yen weakens

Key points: Investors are on high alert for the U.S. inflation report due this Wednesday, expected to influence future rate decisions. The Japanese yen approaches intervention-trigger levels, reviving concerns as it nears a two-week low against the U.S. dollar. The …

13 May 2024
Calm in currency markets before US inflation test

Key points: The dollar remains steady as investors anticipate US inflation updates. Speculations about Federal Reserve rate cuts shape market expectation. The dollar is holding its ground against major currencies as market participants await crucial US inflation data, set to …

10 May 2024
Dollar pressured by soft jobs data and Fed rate cut speculation

Key points The U.S. dollar declined against major currencies following softer jobs data, hinting at potential Federal Reserve rate cuts. Recent interventions in currency markets, particularly concerning the Japanese yen, and upcoming economic indicators could influence short-term trading strategies. The …

6 May 2024
MARKETS TODAY: Asian stocks climb, Yen continues descent

Key Points: Asian stocks reach new heights with investors expecting U.S. Federal Reserve rate reductions. The yen declines after Tokyo’s apparent efforts to strengthen it last week. Asian stocks reached their highest levels in more than a year this Monday, …

2 May 2024
MARKETS TODAY: Fed Maintains US Interest Rates

ICYMI – Market Summary for 2 May 2024 Despite market speculations, Federal Reserve Chair Jerome Powell has reiterated the central bank’s position, maintaining interest rates at 5.25%-5.50%, levels not seen in 23 years. This comes despite ongoing challenges in achieving …

2 May 2024
Yen Sees Unexpected Volatility From Possible Intervention

2nd May 2024 The yen experienced volatility in early trading on Thursday, surrendering gains after a sharp overnight surge against the dollar, which traders and analysts have attributed to possible intervention by Japanese authorities. SEE: Sharp dip followed by a …

29 April 2024
Japanese Yen Surges; Is it BoJ Intervention?

In a dramatic turn of events in Asian markets on Monday, the Japanese yen recorded a surge against the dollar, appreciating by 5 yen, with traders attributing this sharp recovery to heavy dollar-selling by Japanese banks. This intervention seemed to …

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