The Japanese Yen struggles to find demand to start the week as markets assess the outcome of the Japanese general election. Japan’s Liberal Democratic Party, which has been in power since 1955,
USDJPY extended its uptrend and touched its highest level since late July above 153.00, gaining more than 1% on Wednesday. Reflecting the broad-based selling pressure surrounding the JPY, EURJPY rose 0.95% and
The Japanese Yen remains depressed against its American counterpart during Asian trading, with the USDJPY pair eyeing this week’s swing high ahead of the release of the FOMC meeting minutes later Wednesday.
The US Dollar Index rose more than 2% in the previous week and registered its largest one-week gain of 2024. The index remains in a consolidation phase at around 102.50 in European
The US Dollar is holding its ground against major rivals early Wednesday as markets wait for the US Bureau of Labor Statistics to announce the preliminary benchmark revisions to Nonfarm Payrolls. Later
Following mixed action in financial markets on Thursday, investors are clinging to a cautious stance on Friday. The US economic docket will feature Personal Consumption Expenditures (PCE) Price Index data for June,
The USDJPY pair tumbled to near 156.00 late Tuesday, with the Japanese Yen strengthening amid expectations that the Bank of Japan will tighten its monetary policy further in its July monetary policy
USDJPY spiked higher by over half a percent just after the release of US nonfarm payrolls (NFP) data, on Friday. USDJPY traded in the upper 156s after the US Dollar strengthened as
USDJPY bulls are further encouraged by a weakening Japanese Yen following data that shows real wages declining for the 25th straight month in April, as domestic inflation in Japan continues to outpace
Following Thursday’s choppy action, major currency pairs are holding steady early Friday as investors gear up for key data releases. Eurostat will publish the Harmonised Index of Consumer Prices (HICP) and the
