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Commitment of traders report (COT): Yen traders are increasingly bullish
The divergence between market positioning and yen futures pricing continues to widen, with large speculators piling into fresh long bets and dragging net-short exposure lower.
What is a fiat currency? Everything you need to know about the classic monetary asset
A fiat currency is a monetary instrument backed by a national government like the British pound or Canadian dollar. Learn how fiat currencies operate and how they compare to other types of money.
Technical view: CAD/JPY’s rally is lagging…are we seeing a reversal?
Fundamental trends show no imminent signs of reversing, but CAD/JPY’s chart nonetheless suggests that there may be an opportunity for one or both of these currencies to reverse some of this year’s moves.
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The yen falls with soft industrial output, USD/JPY eyes 129
Weak industrial data for Japan, hawkish comments from the Fed’s Waller and increased appetite for risk has seen the yen weaken in today’s Asian session.
USD/JPY: Bullish momentum has stalled, but uptrend intact until Fed blinks
Looking ahead, expectations for FOMC policy will be a major driver for USD/JPY...
US CPI preview: Will price pressures finally start to slow?
If inflation prints at expectations, it would be the first meaningful decline in the annualized inflation rate since the depths of the COVID recession...
USD/JPY bulls target 116.35 as Powell confirms rate hikes are coming
A war nearly 5,000 miles from Washington DC with minimal direct economic implications on the US will not deter the Fed from raising interest rates this month...
Equity markets were rattled by Russia-Ukraine headlines
It was a volatile week of trade amidst the carnage of Russia’s invasion, of Ukraine, and traders would be wise to remain nimble as the situation remains fluid.
US consumer confidence rises, inflation fears fall, USD/JPY poised to break out
The just-released Conference Board Consumer Confidence report showed the headline consumer confidence index rose to 115.8...
Asian Open: Wall Street rises on cautions optimism
With Omicron symptoms seemingly less severe than originally feared US equity markets were higher overnight.
European Open: Equities broadly lower, GBP/AUD breaks out
US markets are closed just after lunch today. But that is not to say it will be a dull session if price action overnight is anything to go by.
European Open: USD/JPY breaks 115 – onwards and upwards?
Yields differentials remain favourable for the USD/JPY bull case, which finally broke above 115 for the fort time since March 2017.
Biden re-nominates Jerome Powell to head the Fed, USD/JPY tests key resistance
In retrospect, it’s clear why Biden delayed for so long: There was little upside regardless of who he chose.
European Open: Consumer Sentiment and Inflation Expectations in Focus
Today’s main calendar event is the preliminary read of the University of Michigan’s consumer report, which also includes inflation expectations.
European Open: 113 Could Be Key for USD/JPY Around US CPI
USD/JPY fell below 113 for the first time in a month following strong producer prices. And we suspect that area will be pivotal around today’s inflation print.
Its election day in Japan - what does it mean for USDJPY and the Nikkei?
With just two trading days left to go, September has lived up to its reputation of being the weakest month of the year for U.S. equities buffered by a series of volatility triggers.
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European Open: Social Democrats Narrowly Win German Election
After a very close contest, the centre-left Social Democrats (SPD) narrowly won the German election, putting them in power for the first time in 16 years. Well, kind of.
Evergrande fears fade aiding USDJPY ahead of BoJ
Fears of Chinese property developer Evergrande becoming a “Lehman type” moment for markets have eased, sparking hopes of a turnaround Tuesday session in risky assets.
Is USD/JPY finally ready to break out?
If yields continue moving lower over the next few weeks, USD/JPY should move with it
Asian Open: Wall Street Lower as Covid and Job Openings Rise
Whilst not at an alarming rate, US equity markets continued to pull back from their highs as concerns over the economy lingered.
USD/JPY at decision point after Suga resignation
USD/JPY is currently trading between tight resistance and support
NFP early insight: Initial claims hint at upside potential for NFP…and USD/JPY
After Jackson Hole, the monthly US jobs reports may be the most important regularly-occurring economic data for traders to watch in the coming months...