Key Takeaways: 💸 Dollar Index traded 0.1% lower, on track for worst week in almost two months 🇯🇵 Yen set for hefty weekly gains, with USD/JPY falling 0.2% 📈 EUR/USD traded 0.2% higher, supported by dollar weakness 🇬🇧 GBP/USD rose 0.2% to 1.2555 following positive UK services PMI 🌏 Broader Asian currencies rose slightly on … Read more
Key Takeaways: 💰 Most Asian currencies rose slightly on Friday ahead of key U.S. payrolls data 📉 Rebound in Japanese yen from 34-year lows amid currency market intervention 🇯🇵 USDJPY pair fell 0.4% to 153.02, impacted by Japanese government intervention ⚖️ USDJPY pair at 160 seen as new line for currency market intervention 📊 Asian … Read more
Key Takeaways: 💸 Japanese yen strengthened, USDJPY hit 3-week low after government intervention 📉 USDJPY pair trading down 0.2% at 153.34 yen 📊 Japanese government suspected of intervening in markets multiple times 🚀 USDJPY surged to 160, new line in the sand for yen 🏦 U.S. Federal Reserve comments kept yen under pressure 📈 Widening … Read more
Key Takeaways: 💼 Tether is monitoring the use of its tokens in crypto markets and payments to combat illicit finance 🔍 Tether and Chainalysis have launched tools to identify transactions linked to sanctioned entities 🛡️ Use of Tether has been linked to circumventing Western sanctions for sourcing military equipment 💰 Tether has reached $100 billion … Read more
Key Takeaways: 💹 Yen strengthened following suspected intervention by Japanese authorities 📉 Dollar declined ahead of crucial jobs data 🕰️ Timing of intervention strategic during low market activity 💸 Japan possibly spent billions to support yen 📊 U.S. jobs report expected to impact dollar/yen relationship 💲 Dollar weakened against Swiss franc due to Swiss inflation … Read more
Key Takeaways: 💰 Yen slightly stronger after suspected intervention by Japanese authorities 🇺🇸 Dollar also broadly higher 📉 Dollar eased due to Fed’s lack of hawkish tone ⚡ Pragmatic intervention timing to impact market efficiently 💸 Japan may have spent billions to support yen 📈 Dollar up more than 10% against yen this year 🇺🇸 … Read more
Key Takeaways 💹 U.S. dollar retreated from near six-month highs after Fed Chair’s comments 📆 Barclays still sees potential for dollar upside despite market concerns 📊 U.S. inflation today is accelerating to very high levels 💡 Improvement in China growth likely to decelerate in second half of the year 🏦 Relative shift in rhetoric among … Read more
Key Takeaways: 💹 Yen surged against the dollar in early Asian hours suspected to be intervention 📉 Dollar tumbled to 153 yen, attributed to Japan’s Ministry of Finance selling dollars 🕰 Intervention occurred in a quiet period after the U.S. stock market closed 💱 Currency strategists see 160 yen per dollar as Japan’s "final defence … Read more
Key Takeaways 💲 The U.S. dollar stabilized after Powell’s speech ruling out rate hikes 📉 Eurozone’s manufacturing sector remains weak, impacting EUR/USD 🇬🇧 GBP/USD traded lower awaiting services PMI data release 🇯🇵 USD/JPY made recovery after intervention talk due to yen weakness 🌏 Broader Asian currencies remained flat, AUD/USD up despite trade balance shrinkage 📊 … Read more
Key Takeaways 💰 Short bets on most Asian currencies are at multi-month highs 📉 Growing expectations of U.S. interest rates staying higher for longer are affecting riskier assets 📈 Possible extended hold at 5.25%-5.50% range by Fed 🇨🇳 Weakness in the Chinese yuan could impact sentiment towards Asian currencies 🇮🇳 Investors turned bearish on the … Read more