Yen's weekly surge driven by BOJ rate hike expectations
USD/JPY plunged as markets price in likely back-to-back BOJ rate hikes, with September now nearly fully priced.
Major and emerging currency pairs, central bank policy, interest rate expectations and cross-border capital flows.
USD/JPY plunged as markets price in likely back-to-back BOJ rate hikes, with September now nearly fully priced.
The US dollar had a mixed reaction to the blockbuster US jobs report, with technical levels causing reversals in some pairs.
The USD trades in narrow ranges ahead of the US jobs report, with technical levels highlighted for EURUSD, USDJPY and GBPUSD.
USD/JPY bounced near the 155.00 support after Fed's Waller turned dovish; markets await the US NFP report for further direction.
FX option expiry strikes and notional amounts for major pairs at the Sept. 4 New York cut.
JPMorgan warns a $103 billion yen short bet could accelerate USD/JPY losses below 155, though it doubts the rally will go much further.
Hansen's remarks contained no new information, so NZD didn't move. A flat currency response to central bank comments signals either that or a market that had…
PBOC to set USD/CNY reference rate, expected at 6.7098 per Reuters estimate.
Deutsche Bank warns the dollar is riskier and tied to AI success as tokenization shifts funding flows.
USDCHF fell nearly 0.9% after sellers took control following a failed upside breakout, breaking key moving averages.
USDCHF fell nearly 0.87% as sellers drove the pair below key moving averages following a failed breakout above resistance.
Fed's Waller hints at rate hold on disinflation; stocks rise, yields and dollar fall as markets react.
The Japanese yen surged for a second straight day, with USD/JPY falling nearly 300 pips. WTI crude and gold also gained, while bond yields eased.
EUR/USD pulled back as hawkish Fed bets steadied and profit-taking emerged; traders eye US CPI for rate hike clues.
USD/JPY fell nearly 1% dropping back below 158 as yen strengthens on BOJ rate hike expectations and yield pullback.