On Friday, Japan stocks closed lower, with losses primarily in the Fishery, Railway & Bus, and Finance & Investment sectors. At the close in Tokyo, the Nikkei 225 declined by 1.46%. Among the session’s top performers on the Nikkei 225 were Mitsubishi Heavy Industries, Ltd., which rose by 5.93% or …
Read More »Japanese Stocks Rise on Weaker Yen and Dividend Demand
Japanese stocks closed higher on Wednesday, driven by a combination of factors including a weaker yen and increased demand for dividend-yielding stocks. Exporters Benefit from Weaker Yen The Nikkei index surged 0.9 percent to 40,762.73 points, supported by a decline in the yen to its lowest level since the mid-1990s. …
Read More »USD/JPY swings around 151.50 on T-yields’ recovery
The USD/JPY pair is stumbling around 151.50 as concerns over foreign exchange manipulation are still very much present. With the US dollar continuing to weaken and US rates continuing to rise, the pair is trading near the top of the recent range north of the 151.00 level. The beginning of …
Read More »USD/JPY benefits from surging US bond yields
USD/JPY took advantage of the positive correlation with US Treasury yields hitting a new high after yields on benchmark bonds showed a significant amount of consolidation throughout the trading day, on Thursday.US Treasury bond yields were able to consolidate in an upward trend on Thursday with the emergence of several …
Read More »USD/JPY Continues to Rise Despite Japanese Rate Hike
In the latest currency markets coverage, it was significant to see the dollar/yen pair breaking its positive correlation with US Treasury yields on Tuesday as the Bank of Japan’s decision to raise interest rates this morning overshadowed the factors influencing the yen’s price movement.The U.S. dollar has continued to rise …
Read More »Market Drivers – US Session, March 13
After Tuesday’s abrupt decline, gold prices soon resumed their upward trajectory, on Wednesday, with the immediate goal being the all-time high, which is located little below $2,200 per ounce. Gold closed the North American session at $2175.60 per ounce.The US weekly crude oil and petrol stockpiles unexpectedly declined, and rising …
Read More »Market Drivers – US Session, March 11
In the commodity market, WTI crude oil prices maintained their consolidative stance in the commodities market, circling the pivotal 200-day SMA and attempting to break through the $78.00 region. At $77.77 per barrel, US crude oil was last observed up 0.53%. Tuesday’s weekly update on US crude oil stocks as …
Read More »To Which Financial Assets Could NFP Data Bring Good News?
The US jobs print on Friday could impact the Fed’s future policy course. A dismal NFP could weaken the US dollar further, and attention might be drawn to the dollar’s major pairs, to determine which assets are winners and which losers. While GBP awaits fiscal clues, policy direction from China …
Read More »USD/JPY Slides Following Dismal US Durable Goods Data
The USD/JPY pair has slid after US Durable Goods orders declined more than expected in January. Japan’s National CPI inflation fell less than expected, with the headline annualized CPI slipping to 2.2% from 2.6% for the year ended January. However, markets were expecting a print of 1.8%. US MoM Durable …
Read More »Market Drivers – US Session, February 21
In the face of shifting risk appetite patterns and the FOMC Minutes’ lack of surprises, the dollar somewhat weakened on Wednesday. Meanwhile, speculation about when the Fed could cut interest rates for the first time continued to drive general market mood. In the context of continued increases in riskier assets, …
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