The USD/JPY pair rallied on Tuesday and took out the symbolic level of 142, scoring a fresh 24-year low as the US dollar sprung into life again and while the gap between Japanese monetary policy and its counterparts widens. USD/July hit the highest levels since August 1998. Japan’s Finance Minister …
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The Bank of Japan will face increasing political pressure if the Japanese yen slides further, say analysts from Danske Bank. They forecast the USD/JPY pair at 126 in one month, 125 in three months, 123 in six months and 119 in a year. Key Quotes: “Bank of Japan has fiercely …
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The market mood is sour, helping the American dollar to end the day with gains against most major rivals.The initial catalyst came from the Bank of Japan. The central bank announced it would be buying an unlimited amount of 10-year JGBs at 0.25% in an attempt to defend the yield …
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The dollar index settled near 98.4 during trading on Wednesday, after it failed to achieve sharp daily gains in the previous session, as investors weighed up optimistic statements from Federal Reserve officials in exchange for improved risk appetite that sent global stocks higher. The dollar jumped last Monday after Federal …
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The US dollar index bounced back on Friday from recent declines following comments from Federal Reserve officials on interest rates that supported the currency, while the dollar was at a fresh six-year high against the yen and the euro eased.St. Louis Federal Reserve President James Bullard called for a dramatic …
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U. S. economic data in addition to corporate earnings reports and a number of positive developments had impact on the U. S. session Wednesday. The negotiations regarding the federal budget plan bill between the White House and the Congress is among the factors that led to a positive market performance.Gold …
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The U. S. dollar ended the trading session with mixed performance. It is particularly stronger against European rivals. EUR/USD pair is down to the lower end of its weekly range, trading in the 1.1590 price zone.GBP/USD settled around 1.3760. The pair received additional pressure from comments by European Commissioner for …
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The Bank of Japan (BoJ) is holding a two-day meeting that will conclude on Friday, and it is expected that the central bank will extend the September deadline for the pandemic relief program. The expectation was made by former BoJ board member, Makoto Sakurai, who told Reuters on Monday that …
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