Japan’s MoF announces stimulus spending to support firms, workers
Japan to tap 2.17tln yen of coronavirus reserve funds Stock indexes in Japan are trading higher following the Wall St. tech lead overnight
Read More »Central banks in the spotlight – first and foremost the FOMC!
Currencies have been trading with stability amid a benign backdrop of buoyant stock markets and softer yields as markets anticipate policymakers to provide assurances this week, as Fed, BoJ and…
Read More »Market Update – March 12 – USD Rallies, JPY Pressured
Market News Today – The USD dips and then finds a bid. Stimulus Bill signed by Biden – targets July 4 as “normalcy”. Stocks closed higher (Nasdaq +2.5%), Weekly…
Read More »USD/JPY: Bears attack 104.50 as risks dwindle amid a quiet session
USD/JPY sellers flirt with the intraday low of 104.53 as markets in Tokyo open for Wednesday. In doing so, the yen pair marks the least downside momen
Read More »USD/JPY attempts a bounce around 105.50 amid US stimulus optimism
USD/JPY has bounced-off lows but remains confined in a narrow range around mid-105s, as markets remain in a wait-and-see mode in the aftermath of Frid
Read More »GBP/JPY Price Analysis: Extends break of five-week-old support line below 139.00
GBP/JPY drops to 138.84, down 0.26% intraday, during the initial hour of Tokyo open on Tuesday. In doing so, the quote keeps the previous day’s breakd
Read More »USD/JPY holding up in the 103.80 support zone
USD/JPY is trading at 103.83 and firming in the Tokyo open having risen from a low of 103.70 to a high of 103.84, 0.10% higher on the day. In the…
Read More »Japanese Yen: USD/JPY May fall as Election Gives Way to Rising Covid Cases
The Japanese Yen may strengthen, causing USD/JPY to follow a falling wedge as election headlines fade away. The Covid situation continues to evolve across the globe and Yen strength may…
Read More »USD/JPY bulls losing conviction in the 105 area
USD/JPY was net flat overnight, drifting around 105.30 and is now firmly on the backfoot. At the time of writing, the pair is down some 0.13% and has
Read More »USD/JPY bounces off monthly low towards 105.00 as market optimism fades
USD/JPY refreshes intraday high to 104.70, currently around 104.65, as markets in Tokyo open for Thursday’s trading. In doing so, the pair consolidate
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