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 »Market Update – October 26
Stocks and bonds were routed midweek. Tech shares were slammed after poor earnings news from Alphabet knocked its shares down nearly -10%, spreading gloom across the sector. A surge in…
Read More »GBP/JPY sees additional losses for Friday, ends the week near recent lows at 181.60
The GBP/JPY chalked in another red bar to settle Friday, bringing the pair back into range of the week’s lows set on Monday near 181.25, and the closi
Read More »IMF: Yen’s recent declines are driven by fundamentals, criteria not met for intervention
Alongside the surge in USD/JPY Japanese authorities have insisted, over and over again, that the rate should trade in a stable fashion ‘driven by fundamentals’. And over and over again…
Read More »EURJPY: Euro Weakness and Yen Powerlessness
The US Dollar is weaker, after the ADP employment data report lowered the odds of the Fed raising interest rates later in the year. This favoured the Japanese Yen temporarily,…
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