GBP/JPY skids below 165.00 as BOJ warns intervention, UK Retail Sales eyed
The GBP/JPY pair has slipped below the critical support of 165.00 in the Asian session. The asset is declining strongly after surrendering the cushion
Read More »Market Update – August 23 – Stocks Tank, Yields Up & USD at 20-yr high
USDIndex pushed to 20-yr highs over 109.00 (August low 104.5) and pressured EUR (under parity with Energy concerns weighing) & GBP (under 1.1750 with political and energy concerns weighing too). …
Read More »AUD/JPY aims to recapture seven-year high near 97.00 on dovish BOJ bets
The AUD/JPY pair has continued its five-day winning streak and is marching to recapture its seven-year high at 96.90. The risk barometer has been stre
Read More »USD/JPY Pullback Emerges Ahead of BoJ Interest Rate Decision
The Bank of Japan (BoJ) interest rate decision may prop up USD/JPY as the central bank remains reluctant to move away from its easing cycle.
Read More »Japanese Yen Forecast: Will a Dovish BoJ Keep USD/JPY Rising? CPI in Focus Too
The Japanese Yen is vulnerable to external forces with the Bank of Japan still expected to be one of the few remaining dovish central banks. Is it all clear for…
Read More »Events to Look Out for Next Week
There is much riding on next week’s ECB meeting, as the EUR is threatening to lastingly drop below parity to the dollar. Political turmoil in Italy adds further pressure on…
Read More »USD/JPY poll – forecasts as high as 140. Bank of Japan direct intervention looks unlikely,
Reuters took a poll this week (July 1 to 6), 61 analysts responded. Main points: median forecast was for 131 in six months’ time, compared with 126.84 in last month’s…
Read More »EURJPY: ECB and BOJ Policy Divergence
ECB President Christine Lagarde’s speech today at the ECB Forum was largely a rehash of what she communicated at the ECB press conference earlier this month. She said that the…
Read More »Japanese Yen Weakens to 1998 Low as Nasdaq 100 Rallies, Eyes on Asia-Pacific Trade
The Japanese Yen weakened to a 1998-low as the Nasdaq 100 rallied on Tuesday, a consequence of the Bank of Japan defending its ultra-loose policy last week. Will stocks rally…
Read More »Market Update – June 17 – Deeply underwater
USD drifted (USDIndex 103.15) thanks to the hawkish SNB and BoE, and the potential for a shift from the BoJ. However, the BoJ eventually left policy on hold & maintained…
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