USD/JPY Forecast – US Dollar Continues to Consolidate Against The Yen
The US dollar bounced a bit in the early hours of Wednesday against the Japanese yen, as we are still trying to establish some kind of base in this currency pair.
The US dollar bounced a bit in the early hours of Wednesday against the Japanese yen, as we are still trying to establish some kind of base in this currency pair.
The Aussie is looking very overstretched at the moment, as we are looking at the upcoming FOMC Meeting Minutes release, as the market is likely to try and discern whether or not the Fed will be aggressive in their cuts, or if they will be more “steady as she goes.”
-- The US dollar has weakened this week as equity markets rebounded from early-August declines, while expectations for a more dovish Federal Reserve have...
- The U.S. dollar edged higher in early European trade Wednesday, but remains close to seven-month lows as minutes from the last Federal Reserve meeting and likely...
-- Nomura analysts in a note dated Tuesday forecast continued weakness in the U.S. dollar, especially in Asian markets. This outlook is driven by several...
The final bank holiday of the summer brings an opportunity to spend a few hours on some jobs that could have a huge impact on your bank balance.
-- Most Asian currencies steadied on Wednesday with the Japanese yen weakening slightly after a strong rally earlier this week, while persistent bets on U.S. interest...
-- The Japanese yen firmed sharply over the past month as the Bank of Japan began raising interest rates, sparking a rapid unwinding in the yen carry trade that had...
-- The rising prospect of a Democratic victory is forcing traders to unwind "Trump trades" including the bid in the dollar, Macquarie says, as Democratic presidential...
Fresh data on consumer price rises for the Eurozone showed inflation at 2.6% in July, up from 2.5% in June.