US Inflation Drops AgainThe Japanese Yen was the big winner from yesterday’s weaker-than-forecast US inflation reading for June. USDJPY plunged more than 4.5% on the day (around 430 pips) as US CPI...
Yen Weak Despite Hawkish BOJ Chatter
BOJ Market ChatterExpectations of forthcoming tightening from the Bank of Japan have ratcheted higher this week. Reuters is running an article citing BOJ sources’ suggesting that the bank could go for...
US Inflation Data Key For JPY Intervention
USDJPY Breaks Fresh HighsThe US Dollar continues to push higher as traders await key inflation data tomorrow. Yesterday, USDJPY broke out to its highest level since 1986, moving above the level at...
Big USDJPY Volatility Risks Seen
Intervention Risks GrowingThe threat of fresh FX intervention from Japanese authorities is growing stronger this week. USDJPY has traded back up to just shy of the level that sparked intervention back...
Reversal Risks Loom As USDJPY Tests Highs
Dollar Holds Firm Against YenUSDJPY remains worryingly close to highs on the back of the recent BOJ and FOMC meetings. A more hawkish tone from the Fed has seen the Dollar well supported on the back...
Intervention Risks Grow As BOJ Fails to Drive Yen Rally
USD Rallies Post-BOJUSDJPY was seen rallying to its highest level since the April FX intervention place on the back of the BOJ meeting overnight. As expected, the bank held headline policy in place...
All Eyes on BOJ As USDJPY Holds Firm
USDJPY Holds Near HighsDespite a brief dip lower yesterday, as traders digested the details of the latest US inflation data and the FOMC meeting afterward, USDJPY has recovered today with the pair...
USDJPY Drops - All Eyes on USD Data
USDJPY Slumps on Weak US Factory ReadingThe Bank of Japan will certainly be relieved by price action in FX markets this week. USDJPY has fallen around almost 1.5% on the week so far with price...
USDJPY Intervention Risks Grow Ahead of US Data
USDJPY Pushing HigherFollowing the intervention-driven move lower in USDJPY over the start of the month, the pair has steadily recovered off the 151.81 lows and is now almost back up at the 158.28...
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