Share: Australian Dollar continues to gain post-release of the RBA Meeting Minutes. RBA board members favored to maintain the current interest rates. Australia’s Consumer Confidence declined to 76.4 compared to the previous figure of 80.1. US Dollar faces challenges due to the dovish comments made by multiple Fed members. Fed member Patrick Harker
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USDJPY moved noticeably higher in Monday’s trading [02/10], gaining +0.27% continuing its recent uptrend and inching closer to the psychological level of 150. The JPN225 recovered at the same time, taking back the 32000 mark. Investors’ enthusiastic reaction to the upbeat quarterly Tankan survey results, masking the less encouraging Manufacturing PMI data, was probably responsible
USD/JPY News and Analysis BoJ Minutes Discuss Concerns Around Inevitable Policy Change In the early hours of this morning the BoJ minutes were released wherein a discussion about an exit from negative interest rates took place. One board member raised concerns from a risk management point of view with respect to the major policy change,
Market Recap Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy A slight breather in the Treasury yields rally allowed Wall Street to turn in a positive session overnight, while VIX retraced for the second straight day after nearing its key psychological 20 level, which are generally looked upon as
Share: USD/JPY has broken above the 149 level. Economists at MUFG Bank analyze Yen’s outlook. Opposition to currency weakness remains firm We continue to see a high chance of intervention but only after a break above the 150 level when there is a higher chance of stops fuelling volatility and ‘disorderly’ price action
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MARKET RECAP The U.S. dollar, as measured by the DXY index, retreated on Wednesday, dragged lower by falling rates in the wake of disappointing economic numbers. U.S. Treasury yields have begun to retrench in recent days, as softer-than-expected macro-related statistics have reduced the likelihood of additional monetary tightening by the Federal Reserve. Earlier this week,
