The US dollar is predominantly exhibiting a narrow mix against the G10 currencies. The Japanese yen stands out as the significant exception. The major currencies are influenced by a gain of approximately 0.35%, while the dollar has declined to a four-day low close to JPY156, following a peak last week just below JPY158. The dollar-bloc Read More
The reevaluation of the perspective for the upcoming FOMC meeting, prompted by remarks from the NY Fed president prior to the weekend, has persisted today; however, the effect on the dollar remains ambiguous. The greenback shows a mixed performance, as European currencies generally outperform the dollar bloc and the Japanese yen. Overall, a broadly consolidative Read More
On Monday, the yen underperformed against a generally weaker dollar, as market participants monitored for indications of official intervention from Tokyo to halt the depreciation of the Japanese currency. The dollar was last up 0.27% against the Japanese currency at 156.8 yen, approaching its 10-month high reached last week. Japan’s currency has been declining due Read More
The yen remained close to a 10-month low on Friday, yet received some support as Japanese officials intensified their verbal interventions to curb the currency’s drop, while the dollar was poised for its strongest week in over a month. The yen experienced a brief uptick in early Asian trading following comments from Japanese Finance Minister Read More
The dollar appreciated against the yen on Wednesday, causing the Japanese currency to decline to a 10-month low. Finance Minister Satsuki Katayama stated that Japan’s new government was vigilantly observing the markets “with a high sense of urgency.” On Wednesday, Japanese government ministers, including Katayama, convened with Bank of Japan Governor Kazuo Ueda. The yen Read More
The ongoing sell-off in equities persists, while the foreign exchange market remains subdued, with the dollar largely trading within narrow ranges. The currency exhibits strength against the majority of its counterparts, with the dollar bloc demonstrating notable resilience today. The dollar has achieved a new nine-month peak in its exchange rate with the yen. In Read More
The dollar reached a new 9-1/2-month peak against the yen before pulling back and slightly declined against the euro on Tuesday, as investors expressed concerns regarding Japan’s fiscal position and looked ahead to U.S. data for indications on the Federal Reserve’s forthcoming actions. Global equities experienced a downturn, particularly in technology-focused sectors, yet the response Read More
The dollar softened on Thursday following the signing of a deal by U.S. President Donald Trump to conclude the government shutdown, while the yen reached a historic low against the euro after Japan’s new prime minister expressed a desire for the central bank to adopt a cautious approach to rate increases. The pound experienced a Read More
The US dollar is primarily stabilizing within tight ranges relative to the major currencies. The Japanese yen stands out as a notable exception, having declined to a new nine-month low as the greenback neared JPY155. In light of Japan’s finance minister’s numerous warnings, the market appears to remain unfazed. It appears that a tangible material Read More
The US dollar exhibits a mixed performance. Sterling has emerged as the weakest among the G10 currencies, following the release of unexpectedly disappointing employment figures that have increased the likelihood of a rate cut in the upcoming month. The dollar has achieved a slight new high against the Japanese yen since February; however, it has Read More
