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Two Trades to Watch: EUR/GBP, USD/JPY
EUR/GBP falls after UK jobs data. USD/JPY rises ahead of US inflation data.
Two Trades to Watch: Oil, USD/JPY
Oil steadies after two days of declines. USD/JPY falls with US jobs & BoJ rate decision in focus
European Open: Be careful what you wish for with today’s ISM report
Depending on how you look at it, good data is not always good to see. And that’s what could make today’s ISM report the more interesting if it comes in hot.
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USD/JPY: Dollar likely to resume higher after slow start
Dollar was bouncing off earlier lows, supported by even more positive news – this time from the housing market.
European Open: USD/JPY bulls return in style
The combination of a strong US inflation report and a (predictably dovish) new BOJ governor on the radar saw USD/JPY print an impressive bullish engulfing day
Incoming BOJ governor Ueda tips his hat to ultra-loose policy
There have been high hopes that Ueda will bring a hawkish twist to the BOJ, but early remarks in his confirmation speech say anything but.
US Housing Market continues to show signs of weakness; USD/JPY
Watching US 10-Year Yields and USD/JPY could give a clue as to the next direction for mortgage rates.
Markets are waking up to a 50bp Fed hike, FOMC mins up next
It may have taken a few weeks, but markets are finally pricing in what we argued all along; a higher terminal rate and no cuts this year.
US data dump points to hawkish sentiment from Fed
Costs associated with producers will make their way to the end of the supply chain over the next few months and eventually be reflected in the CPI.
The US 10-Year Yield and USD/JPY correlation is back!
US 10-Year Yields and USD/JPY currently have a strong correlation coefficient of +0.93.
Two trades to watch: Oil, USD/JPY
Oil slips on demand worries, USD strength. USD/JPY rises above 132.00 ahead of tomorrow's CPI data, on BoJ speculation.
European Open: Can Swiss inflation turn up the heat for SNB? (USD/JPY, CHF/JPY)
Swiss inflation kicks of economic data today, where a hot print could increase expectations of another 50bp hike from the SNB.
USD/JPY: Dollar remains under modest pressure
Did the Fed Chair say anything dovish? No. Was he super hawkish? Again, no.
European Open: Currencies tread water ahead of Jerome Powell speech
The USD pulled back yet mostly held on to its post-NFP gains in anticipation of a hawkish speech from Jerome Powell this evening.
US NFP and potential BoJ successor news send yen reeling
Over the course of the last 2 trading days, USD/JPY has moved from a low of 128.33 to a high of 132.90, a move of 457 pips.
NFP blows away estimates. But will it be revised?
The headline print was 517,000 vs an expectations of only 185,000
European Open: Tight ranges ahead of NFP but implied volatility perks up
The conclusion of the FOMC meeting at 19:00 GMT is hands down the main even, so we could be in for a session of tight ranges beforehand (and fireworks after).
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US Q4 Employment Cost Index helps the Fed’s soft landing scenario
Will there be signs that the Fed intends to hike by an additional 25bps at it March meeting?
Is the USD/JPY bearish move becoming ‘long’ in the tooth?
Shorting USD/JPY is not a new idea, and as the pair has erased around half of its 21-month rally, we see the potential for a bounce over the coming weeks.
US data dump provides little new info for the Fed
Although Durable Goods was stronger than expected, there is little to take from the other data points, as it was from so long ago.
Two trades to watch: USD/JPY, DAX
USDJPY falls ahead of US GDP data. DAX rises on hopes of a soft landing.
Yen pairs take back losses after dovish Kuroda comments
Despite a stong CPI, BoJ Governor Kuroda continued with dovish comments regarding Monetary Policy.
Implied volatility screams higher ahead of tomorrow’s BOJ meeting
Overnight implied volatility for yen pairs have risen to their highest level since Brexit, on the eve of tomorrow’s highly anticipated BOJ meeting.