The 2023 forex trading year is done. Here are the closing changes
It was a lively year in the FX market with the yen going on a particularly wild ride but ultimately it was the Swiss franc that came out on top…
Read More »USD/JPY Weekly Forecast: Markets Peel Back Hopes for BoJ Policy Change
JPY upside may be slowing as NFPs showed a robust US labor market. This week sees the FOMC in action and US inflation to drive volatility.
Read More »GBP/JPY sees thin rebound on Friday, falls just short of 182.00
The GBP/JPY eked out a small gain on Friday, finishing the day up a slim tenth of a percent to cap off a trading week of firm declines.
Read More »ForexLive Asia-Pacific FX news wrap: USD/JPY falls back under 148.00, briefly
PBoC Governor Pan says China’s economy continues to gain momentum, inflation bottoming out Hong Kong hit by surging demand for cash: Highest Hibor rates in 23 Years EBC’s Lagarde and…
Read More »Japan preliminary November PMIs: Manufacturing 48.1 (expected 48.8)
Preliminary Jibun / S&P Global PMIs from Japan for November 2023. Manufacturing 48.1, its 6th consecutive month in contraction expected 48.8, prior 48.7 output and new orders fell further employment…
Read More »GBP/JPY remains heavily offered below 185.00, seems vulnerable near one-week low
The GBP/JPY cross remains under heavy selling pressure for the fourth successive day on Tuesday and drops to the 184.70 area during the Asian session, back closer to over a…
Read More »Japan Finance Minister Suzuki with some verbal intervention to prop up the yen
Japan finance minister Suzuki: Important for currencies to move in stable manner reflecting fundamentals Excessive forex moves undesirable Will continue to take all possible steps on FX moves Aware that…
Read More »US Dollar Flies on Hawkish Powell – Setups on EUR/USD, USD/JPY, AUD/USD, Gold
The U.S. dollar rallies on rising U.S. yields and hawkish comments from the Federal Reserve chairman, complicating the outlook for the euro, Japanese yen and Australian dollar.
Read More »Market Update – October 31 – Stocks Down & Yen plummets
Asian stock markets traded mixed, with China bourses underperforming after weaker than expected PMI reports that signal ongoing weakness, especially in the manufacturing sector. Treasuries meanwhile found buyers and the…
Read More »USD/JPY Price Forecast: BoJ Meeting to Deliver Another Tweak to YCC Policy? 145.00 Incoming?
The Yen enjoyed some strength today as Nikkei Asia broke a story that the BoJ are debating a further tweak to YCC policy. Will the BoJ follow through and what…
Read More »