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European Open: Volatile trade for yen pairs, PMI’s up next
The Japanese yen was broadly higher overnight on comments from a former FX and a report showing foreign investors fled the bond market last week.
USD/JPY trades to new 24-year highs! Will it keep going?
The next move for the USD/JPY may depend on Japan fx intervention, comments from Powell, Japan CPI, or an overbought RSI.
FX: Aftershocks of central bank bonanza
Despite the macro calendar being light, it could be a busy week for FX markets
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‘If’ the BOJ abandon YCC, hold onto your hats (USD/JPY)
The yen was stronger overnight as some began to speculate that the BOJ could alter (or abandon) their yield curve control target. We outline three potential scenarios.
Yen in focus ahead of BoJ
As pressure mounts on BoJ to control yields, will we see a surprise policy response or perhaps government intervention?
Two trades to watch: USD/JPY, Oil
USD/JPY pulls back ahead of Fed rate decision. Oil steady ahead of Fed rate decision, EIA inventory data.
US PPI not much help in trying to decide between 50bps and 75bps from the Fed
Until the FOMC decision on Wednesday, USD/JPY seems like it may be in waiting mode.
US Yields on the move again. What does it mean for USD/JPY?
US 10-year yields and USD/JPY have a strong, positive correlation with a correlation coefficient of +0.92.
How to capture the next leg higher in USDJPY
Last week USDJPY locked in an almost 3% gain, closing back above 130 for the first time since early May.
Non-Farm Payrolls beat; What will the Fed think?
Today’s headline NFP print and average hourly earnings data should make the Fed happy.
FOMC minutes confirm 50bps hikes in June and July (USD/JPY, GBP/USD)
Whilst the FOMC minutes helped lift the dollar and Wall Street on the day, but we’re not convinced the dollar low is in just yet.
Poor housing data sends USD/JPY lower
Weaker US housing data sent the markets into risk-off mode, dragging USD/JPY lower with it.
European Open: USD/JPY hugs 130 like an old friend it's about to leave
USD/JPY has been trading in a 20-pip range around 130 over the past 12 or so hours - a level we don’t expect to see it anywhere near this time tomorrow.
Rising yields showing signs of cracks in housing market; USD/JPY
Rising US yields are causing homebuyers to take pause and rethink their house purchase.
USD/JPY heading towards 20-year highs. Can the BOJ “jawbone” it lower?
Whenever the exchange rate has reached these levels in the past, the BOJ and other Finance officials made threats to intervene in the market.
European Open: USD/JPY eyes a near 20-year high ahead of US inflation
USD/JPY's epic rally has stalled just beneath the 2015 high, a break above which would see the pair trade at its highest level since June 2002.
Asian Open: Fed members continue to beat the hawkish drum
Markets responded to traditional drivers yesterday following a hawkish RBA meeting and strong wording from Fed members, sending the dollar and yields highs and equities lower.
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Two trades to watch: FTSE, USD/JPY
FTSE edges lower as more Russian sanctions expected. USD/JPY looks to US ISM services PMI, Fed speakers.
After a strong March, US 10-year yields and USD/JPY may be ready for a pullback
As a result of the high correlation with USD/JPY, yields have been pulling USD/JPY higher with them.
European Open: Asian equities lower on China PMI contraction
Both the manufacturing and service sectors contracted in March according to PMI data from the National Bureau of Statistics.
European Open: Several Central Bankers scheduled, USD/JPY in focus
Over the next few hours we have members of ECB, BOE and the Fed speaking. Separately, USD/JPY is hinting that a swing low could be approaching.
Has USDJPY printed a blow off high or building for another leg higher?
Positive developments overnight as both Moscow and Kyiv reported peace talks in Istanbul have been productive and after Russia claimed it would pare back activities in Kyiv and Chernihiv.
BOJ defends “unlimited bond buying”, sends USD/JPY soaring
The BOJ was in the market defending the 10-year yield on the JGB at 0.25%, and they have announced that they will do it again for the next 3 consecutive days.