The Bank of Japan has a problem. Politically, there is pressure to relieve domestic markets from the impact of a weak yen. Yes, a weak yen helps some of Japan’s…
The Bank of Japan has a problem. That problem is the weakness in the JPY. You can see from the index chart below that JPY weakness has been pronounced this…
The USDJPY has been continually pushing higher as the market prices in aggressive Fed policy action. As long as the US keeps rising interest rates the USDJPY can keep moving…
The run-up to the Jackson Hole Symposium has been one in which yields have been rising, stocks selling, and the dollar surging. Why? On expectations that the Federal Reserve is…
The recent shift away from uniform low-interest rates by central banks means that economic data can have more impact on FX than it has previously. At the moment US growth…
The key release this week was the US CPI print. The miss on the headline was referenced by US President Biden by saying that inflation may be moderating. The reaction…
The EUR still has some continued reasons for weakness as it increasingly looks like heading into a recession as PMIs on July 22 showed a steep drop below the market’s…
On Friday the Eurozone Global Composite PMI print for July dropped to 49.4 from 51.0. This was below the minimum expectations for a print of 50. On top of this,…
Pairing a weak currency against a strong currency is a basic market skill that intraday traders use daily. Which currency is likely to be strong and which is likely to…
The Euro has seen further weakness so far this week as growing fears emerge over a slowing global economy, Stagflation, growth, and inflation fears all combined to send the USD…