The dollar/yen continues to rise since the start of daily trading, driven by pressure from economic data and statements from the central bank that lean toward quantitative easing, in contrast to the direction taken by Japanese monetary authorities. The pair climbed to 150.69 compared to the previous daily close of …
Read More »USD/JPY: A Waiting Game Below 150.00
The USD/JPY pair is stuck below the key 150.00 level, with traders waiting for a clear direction. Recent decisions from the Bank of Japan and the Federal Reserve haven’t moved the market much, so everyone’s looking to Japan’s upcoming inflation numbers for a potential shift. Currently, the pair is trading …
Read More »Jobs Data Eve: Key NFP Looms Amid Shifting Market Dynamics
NFP Anticipation: Jobs Growth Expected Amidst Economic ShiftsThe US labor market’s health is once again under scrutiny as the February Nonfarm Payrolls (NFP) report approaches. Scheduled for release on Friday, March 7, the data is expected to reveal the creation of approximately 160,000 net new jobs. Economists also anticipate a …
Read More »US Dollar Declines as US PMI Reveals Stalled Outperformance
The US Dollar has fallen back to session lows and is on track for a more than 2% loss this week in the Dollar Index. President Trump delivered softer comments, suggesting that tariffs on China might not be imposed after all. As a result, the US Dollar Index (DXY) has …
Read More »USD/JPY steadies as tariff threats ease ahead of looming BoJ’s meeting
The US dollar has fallen sharply against major currencies following reports that the incoming Trump Administration might implement fewer significant tariffs than previously expected. Instead, it might seek more limited and targeted tariffs. During the election campaign, across-the-board tariffs of 10% to 20% were proposed on all imports. However, some …
Read More »Market Drivers; US Session
President Trump’s Inauguration and Market Impacts The US dollar started the week on a defensive note as market participants closely monitored President Trump’s Inauguration Day. The inactivity in US markets due to Martin Luther King Jr. Day contributed to the sharp decline in the US Dollar Index (DXY). By Monday, …
Read More »Japan’s Consumer Sentiment Weakens, Casting Doubt on Central Bank’s Policy Outlook
Consumer sentiment in Japan took a hit in December, as per a government survey released on Wednesday. The decline raises questions about the Bank of Japan’s (BOJ) optimism that robust household spending will drive the economy and support future interest rate hikes. The sentiment index fell to 36.2 in December, …
Read More »Market Drivers; US Session: King USD Rallies Near 2022’s Highs
On the first day of trading in 2025, the US dollar surged to the top of the forex pile as wider markets continue to place a strong bet on the safe haven currency. In a world of unstable economic conditions, traders may not be the largest supporters of the US …
Read More »USD/JPY Forecast: Bullish Momentum Gains Traction
The USD/JPY currency pair surged towards its December high, driven by a confluence of factors. Expectations of a prolonged period of higher interest rates in the United States, fueled by the potential for a Trump presidency, underpinned the US Dollar. The Federal Reserve, in its December statement, signaled a more …
Read More »Weekly Recap: A Rocky Year’s Finish
The US stock market experienced a decline in the holiday-shortened week, with the S&P 500 and Nasdaq Composite declining by 1.1% and 1.5% respectively largely due to the performance of the communication services and information technology sectors. However, US Treasury yields have continued to rise, surpassing the 4.6% mark, largely …
Read More »