The USD/JPY pair has been higher for three weeks, with the Japanese government taking measures to defend the Japanese currency. The central bank signaled a wider tolerance limit for the benchmark 10-year Japanese Government Bonds from 0.5% to 1.0%, fueling the JGB yields to the highest level since 2014. The …
Read More »Market Drivers – US Session – 08/06/2023
On Thursday, Wall Street indexes rose sharply, boosted by easing expectations of a hawkish Federal Reserve ahead. A sharp increase in US Initial Jobless Claims pushed the US Dollar further to the downside. The Greenback ended the day looking vulnerable to more losses. US Treasury yields pulled back, paring Wednesday’s …
Read More »Pound Surging Higher On Surprise Rate Hike
The British pound has skyrocketed during the trading session on Thursday against most currencies, and of course against the Japanese yen which was not an exception. There has been an overall risk on type of move for the session, and that will help this pair. It is worth noting that …
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