The dollar exhibits a generally softer stance, yet the consolidative tone remains intact. The yen stands out as the significant exception. Japanese officials have escalated their intervention measures, issuing stronger warnings. The market initially pushed the dollar’s gains to JPY159.45 before traders took some profits, resulting in a decline to approximately JPY158.60. The market appears Read More
The dollar appeared poised for a third consecutive day of gains on Thursday, although the mixed signals from U.S. economic data prompted a degree of caution in the markets in anticipation of Friday’s nonfarm payrolls report. Data released on Thursday indicated that the U.S. labor market seems to be entrenched in a “no hire, no Read More
The yen appreciated against the U.S. dollar, reflecting a technical recovery following warnings from Japanese officials about “one-sided and sharp” currency fluctuations. This statement indicated a preparedness to implement necessary measures, which analysts interpreted as a clear indication of potential intervention. The Japanese currency received a boost from a generally weaker dollar, which has faced Read More
