USDJPY

Japanese industrial output and retail sales to deteriorate; employment to stay firm – Forex News Preview

Posted on June 27, 2018 at 12:59 pm GMT

While the safe-haven Japanese yen tends to be less sensitive compared to other currencies when data releases come out of the calendar, updates on economic measures out of Japan can improve or deteriorate investors’ sentiment on the economy. On Thursday, Japan will issue readings on retail sales, while late on Friday employment and industrial production figures will also come under the spotlight. However, the numbers are not expected to show improvement, with labor stats projected to remain unchanged, while retail sales and flash [..]

US Open Preview – Dollar bounces up on trade relief news; kiwi holds onto losses ahead of RBNZ rate decision

Posted on June 27, 2018 at 12:19 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen managed to recover earlier losses to climb back to 110.14 (+0.08%) as a US official messaged on Wednesday that Washington will not use stricter trade frictions against China but monitor Chinese investments through an existing national security review system. The dollar index also advanced to touch 94.79 (+0.14%), while investors were preparing their positions ahead of the durable goods orders later in the day and preliminary PCE inflation numbers on [..]

European Open Preview – Markets bounce as trade tensions ease for now

Posted on June 27, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down on Wednesday, but by less than 0.1%. It managed to rebound yesterday, recovering some losses from the previous three sessions. The euro was on the back foot yesterday, perhaps amid jitters ahead of the EU summit tomorrow, while the pound retreated as well following some dovish-perceived signals from the BoE. STOCKS: Concerns around an imminent trade war took a back seat yesterday, after the Trump administration hinted it may [..]

US Open Preview – Pound bears cheer after Haskel doubts BoE rate hike; Gold hits fresh 6-month lows

Posted on June 26, 2018 at 11:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar held steady versus the Japanese yen today (-0.10%), taking a breather after today’s earlier sell-off movement. The US dollar index rose by 0.22% though, currently hovering near the 94.48 level. Traders are awaiting the figures on the Fed’s preferred inflation measure, the core PCE (personal consumption expenditures) index on Friday. Moreover, investors will keep their focus on the Trump administration’s trade and investment restrictions as yesterday the US Treasury Secretary Steven [..]

US capital goods orders to rise further in May but trade policy clouds outlook – Forex News Preview

Posted on June 26, 2018 at 8:44 am GMT

Data on durable goods orders will be watched out of the United States this week for an indication of business spending amid a worsening trade row between the world’s biggest trading powers. The report will be published by the US Census Bureau on Wednesday at 12:30 GMT and is expected to show another drop in the headline figure but increases in the more relevant core measures. The US dollar, which has been in retreat since the end of last week, [..]

European Open Preview – Dollar around 2-week lows versus yen as trade worries keep risk appetite suppressed

Posted on June 26, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – is practically unchanged on Tuesday, after posting losses in the previous session. Meanwhile, the Japanese yen continued to enjoy some haven demand as trade frictions remained front and center. STOCKS: Trade concerns triggered another selloff in US stocks on Monday. The Nasdaq Composite led the way lower (-2.09%), while the S&P 500 (-1.37%) and the Dow [..]

US Open Preview – Trade risks elevate the yen; European stocks tumble

Posted on June 25, 2018 at 11:35 am GMT

Here are the latest developments in global markets: FOREX: During Monday’s trading session, the dollar was moving lower by 0.47% against the Japanese yen after the US President Donald Trump threatened on Friday to impose a 20% tariff on cars imported from the EU. The dollar index though, which tracks the strength of the greenback against six major currencies, managed to climb to 94.58 (+0.08%) as the euro and the pound remained under pressure. Euro/dollar slipped by 0.06% from an intra-day high of 1.1673 to 1.1649. Euro/yen was also [..]

European Open Preview – Risk-off mood on back of trade worries weighs on equities, boosts yen

Posted on June 25, 2018 at 7:55 am GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly higher versus a basket of currencies, though it was losing ground versus the safe-haven perceived yen which attracted flows on the back of uncertainty relating to global trade. Specifically, dollar/yen was trading at two-week low levels. STOCKS: Asian equities were a sea of red after the latest concerns over global trade acted to the detriment of riskier assets. Japan’s Nikkei 225 and Topix indices finished lower by [..]

Week Ahead – Eurozone and US inflation eyed; RBNZ meets; low hopes for Brexit deal at EU summit

Posted on June 22, 2018 at 12:24 pm GMT

Inflation data will be watched in the Eurozone and the United States as both countries make progress towards their price targets. GDP numbers will also be in focus as final estimates are released in the US and the United Kingdom, while Canada publishes monthly growth figures. Central bank activity will come from the Reserve Bank of New Zealand, while an EU summit is sure to make the headlines as European leaders meet to discuss Brexit. Eurozone CPI to hit 2% [..]

US Open Preview – Oil stays bullish as OPEC seen near agreement; Euro cheers on upbeat PMIs

Posted on June 22, 2018 at 12:01 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen was posting moderate gains on Friday, inching up to 110.14 (+0.14%) as uncertainties around US-Chinese trade relations were still high. The two giant world exporting economies exchanged additional threats of import tariff measures this week, with the Chinese Ministry of Commerce characterizing US trade protectionism on Friday as “self-defeating and a symptom of paranoid delusions”. The dollar index was down for the second day, last seen at 94.62 (-0.12%) as the euro and the pound remained [..]

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