In Asian Equity Markets Japanese stocks rose on Monday as a weak yen bolstered exporter stocks, with the Nikkei rising 1.7 percent to 17,672.62, the highest closing level since Feb 2.
Fundamental Outlook: USD/JPY
Yesterday’s FOMC Minutes from the Fed’s November meeting continued to support market expectations for a December hike. The Minutes stated that most Fed officials saw a hike as appropriate “relatively soon” with some members believing a hike should come at the December meeting to preserve credibility.…
]]>
Fundamental Outlook: USD/JPY
Yesterday’s FOMC Minutes from the Fed’s November meeting continued to support market expectations for a December hike. The Minutes stated that most Fed officials saw a hike as appropriate “relatively soon” with some members believing a hike should come at the December meeting to preserve credibility.…
]]>
Chart of the Day (USD/JPY)
Market Snap
Market Opening Wrap
Chart of the Day (USD/JPY)
Market Snap
Market Opening Wrap
In Asian Equity Markets Japanese stocks rose on Monday as a weak yen bolstered exporter stocks, with the Nikkei rising 1.7 percent to 17,672.62, the highest closing level since Feb 2.
Fundamental Outlook: USD/JPY
Yesterday’s FOMC meeting saw the Fed remain on hold as was widely expected, however, the number of dissenters declined to 2 as Fed’s Rosengren withdrew his previous vote to hike rates. In the accompanying statement, the FOMC stated that “the case for a rate hike has continued to strengthen but have decided to wait for the time being for some further evidence” whilst reiterating that “they view inflation to rise to their 2% target over the medium term” however removed their previous statement that inflation is expected to remain low in the near term.…
]]>
Fundamental Outlook: USD/JPY
Yesterday’s FOMC meeting saw the Fed remain on hold as was widely expected, however, the number of dissenters declined to 2 as Fed’s Rosengren withdrew his previous vote to hike rates. In the accompanying statement, the FOMC stated that “the case for a rate hike has continued to strengthen but have decided to wait for the time being for some further evidence” whilst reiterating that “they view inflation to rise to their 2% target over the medium term” however removed their previous statement that inflation is expected to remain low in the near term.…
]]>
Fundamental Outlook: USD/JPY
The main event during the Asia-Pacific session was the latest rate decision and statement by the RBA. The RBA left interest rates unchanged at 1.5% as expected, stating that “the current rate is consistent with sustainable growth in the economy” however “it sees inflation to remain low for some time”.…
]]>
Fundamental Outlook: USD/JPY
The main event during the Asia-Pacific session was the latest rate decision and statement by the RBA. The RBA left interest rates unchanged at 1.5% as expected, stating that “the current rate is consistent with sustainable growth in the economy” however “it sees inflation to remain low for some time”.…
]]>
Fundamental Outlook: USD/JPY
Risk sentiment improved considerably during the Asia-Pacific session as Hillary Clinton dominated in the first US presidential debate. This resulted in safe haven outflows out of JPY which consequently weakened across the board along with strength in commodities and commodity linked currencies.…
]]>
Fundamental Outlook: USD/JPY
Risk sentiment improved considerably during the Asia-Pacific session as Hillary Clinton dominated in the first US presidential debate. This resulted in safe haven outflows out of JPY which consequently weakened across the board along with strength in commodities and commodity linked currencies.…
]]>
Fundamental Outlook: USD/JPY
The main data released during the Asia-Pacific session was Australian Building Approvals which printed above expectations at 11.3% versus 0.0% expected. Despite the positive beat, weakness in commodities resulted in limited upside for AUD. Also during the session we heard comments from Japan PM adviser Hamada calling for the MoF to “courageously intervene to limit JPY appreciation”.…
]]>
Fundamental Outlook: USD/JPY
The main data released during the Asia-Pacific session was Australian Building Approvals which printed above expectations at 11.3% versus 0.0% expected. Despite the positive beat, weakness in commodities resulted in limited upside for AUD. Also during the session we heard comments from Japan PM adviser Hamada calling for the MoF to “courageously intervene to limit JPY appreciation”.…
]]>
Fundamental brief overview
The USD/JPY ended the week at 102.01 and looks headed to the 100 range as the BOJ did very little at its meeting on Friday which surprises the markets. The yen notched its fourth rise in six days as news that Tokyo had unveiled a surprisingly large 28 trillion-yen ($265 billion) stimulus package left traders wondering how aggressive the Bank of Japan would be when it meets on Friday.…
]]>
Fundamental brief overview
The USD/JPY ended the week at 102.01 and looks headed to the 100 range as the BOJ did very little at its meeting on Friday which surprises the markets. The yen notched its fourth rise in six days as news that Tokyo had unveiled a surprisingly large 28 trillion-yen ($265 billion) stimulus package left traders wondering how aggressive the Bank of Japan would be when it meets on Friday.…
]]>
USD/JPY is the top mover at -3.58 per cent (-3.786 points) this trading week. This was mainly due BOJ officials not being too committed on further monetary stimulus, was far less than what the market was anticipating, causing a rally in yen. …
]]>
USD/JPY is the top mover at -3.58 per cent (-3.786 points) this trading week. This was mainly due BOJ officials not being too committed on further monetary stimulus, was far less than what the market was anticipating, causing a rally in yen. …
]]>
Asia is expected to provide most of the market volatility during this week’s trading. The main focus is on the Bank of Japan (BOJ), which is scheduled to provide crucial minutes on the interest rates this coming Friday. Japan economists suggest that the BOJ may make alterations to the policy rate balance, with the current -10bps expected to be shaved down to -20bps.…
]]>
Asia is expected to provide most of the market volatility during this week’s trading. The main focus is on the Bank of Japan (BOJ), which is scheduled to provide crucial minutes on the interest rates this coming Friday. Japan economists suggest that the BOJ may make alterations to the policy rate balance, with the current -10bps expected to be shaved down to -20bps.…
]]>
- USDJPY in the spotlight
As the new wave of Central Bank discussions will likely affect the short term outlook for the USDJPY if there is an elevated willingness by the Bank to maintain the current situation, The apparent deviation existing between the Bank of Japan and the Federal Open Market Committee (FOMC) might lead traders to develop a long-term bullish sentiment for the USDJPY.…
]]>
- USDJPY in the spotlight
As the new wave of Central Bank discussions will likely affect the short term outlook for the USDJPY if there is an elevated willingness by the Bank to maintain the current situation, The apparent deviation existing between the Bank of Japan and the Federal Open Market Committee (FOMC) might lead traders to develop a long-term bullish sentiment for the USDJPY.…
]]>