The Japanese Yen’s recent slide against the US Dollar sparks a question: is the Bank of Japan (BoJ) too cautious for its own good? The USD/JPY pair climbed 0.45% to 145.75 on Wednesday, rebounding from the 21-day EMA support near 144.60. Meanwhile, the BoJ’s latest Summary of Opinions reveals a …
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The USD/JPY pair retreated toward the 143.00 zone on Thursday, erasing earlier gains as renewed US Dollar weakness took hold. Speculation about a Federal Reserve interest rate cut in June resurfaced, fueled by dovish comments from a Fed official who emphasized a data-driven approach and potential action if economic indicators …
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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 …
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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 …
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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 …
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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 …
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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 …
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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, …
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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, …
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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 …
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