Month-end flows could influence trading as conflicting bank signals emerge
Banks offer conflicting month-end flow signals; analysts say impacts may be mild but uncertain.
Major and emerging currency pairs, central bank policy, interest rate expectations and cross-border capital flows.
Banks offer conflicting month-end flow signals; analysts say impacts may be mild but uncertain.
Yen weakens past 160 per dollar for first time since record $98.7 billion intervention, as Warsh's hawkish signals overshadow Bessent's reassurance.
PBOC is expected to set the yuan reference rate at 6.7344 per dollar, according to a Reuters poll. The fixing is a key policy signal.
Bessent says yen moves contained, backs Ueda, and sees no new intervention. He expects BOJ to set its own pace on rates.
Japan's yen fell to 160.16 per dollar despite ¥15.4 trillion support. A stronger yen may unwind carry trades, potentially hurting Bitcoin.
Early Monday forex indications show EUR/USD at 1.1582 and USD/JPY at 160.11.
AUDUSD fell from a weekly high of 0.7207 after hawkish Fed comments, with the 200-hour moving average now a key support.
USDCAD rose to test the 100-day moving average at 1.39140, driven by a stronger USD and higher US yields after hawkish comments from Fed Chair Warsh.
USDJPY broke above its 100-day MA and 160.00, reaching 160.15, backed by hawkish Fed comments and rising US yields.
EURUSD tumbled on hawkish Fed rhetoric, probing a crucial support cluster between 1.1587 and 1.1594 as yields and the dollar rallied.
The US dollar rose after Fed Chair Warsh's hawkish remarks; market sees 46% chance of September rate hike.
Currency pairs near technical levels ahead of Fed Chair Warsh's speech; yields edge higher.
US dollar edges higher in tight ranges ahead of Fed Chair Warsh's Jackson Hole speech and key data releases.
USD/JPY extends gains as traders await Fed Chair Warsh's Jackson Hole speech for policy clues.
The PBOC set the USD/CNY reference rate at 6.7811, higher than the estimated 6.7208. It also injected 353bn yuan via reverse repos.