EUR/AUD, GBP/AUD, AUD JPY: Softer US dollar has the Aussie looking constructive against the crosses
While AUD/USD has yet to break the downtrend running from early 2022, the reprieve against the dollar has it looking more constructive against the crosses, especially the euro and Japanese yen having broken key levels on the weekly charts.
USD/JPY, VIX, S&P 500, WTI, gold: Commitment of traders report (COT)
Open interest has fallen notably on USD/JPY since its failed ‘bid’ for spot prices to break and hold above 150. And that further suggests a glass ceiling for prices. Japanese yen futures also saw grow longs increase by 19.6%, although traders remained heavily net-short.
USD/JPY, EUR/JPY, GBP/JPY: Pullbacks Ahead of the BoJ
It’s been a big week for global markets and it’s not over yet, with the Bank of Japan rate decision scheduled for later today.
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Japanese Yen Analysis: USD/JPY, EUR/JPY, and GBP/JPY Bullish Outlooks Under Threat
With EUR/JPY and GBP/JPY testing critical support, price action over the next 30 hours will go a long way toward determining if the year-to-date trends extend or end from here...
USD/JPY Breakout Continues as EUR/JPY, GBP/JPY Stall
The USD/JPY breakout has continued even after an intervention threat, but both EUR/JPY and GBP/JPY have shown stall in those bullish trends over the past month, raising questions of reversal potential.
USD/JPY: BOJ intervention risk escalates but will it actually work?
Japanese officials are threatening to intervene in FX markets again, prompted by the USD/JPY surging over 2% since the start of September.
USD/JPY: BOJ quest for sustained inflation has a long way to go
Japan’s export sector is benefitting from the weaker JPY but that’s not flowing through to the broader economy yet.
USD/JPY: BOJ FX intervention may be ineffectual
Another way to support the Japanese yen may be for the BOJ to stop intervening in markets.
Japanese Yen Technical Analysis: USD/JPY Recoils Back Below 140
The trend in USD/JPY has started to bend and the dip in US Treasury Yields has been notable, but is there also anticipation of change around the Bank of Japan?
Japanese yen analysis: USD/JPY uptrend intact as bulls eye 138.00
USD/JPY remains in an uptrend after testing rising trend line support and the 50-day EMA midway through last week.
Yen outlook: The BOJ tease yen traders with policy shift
BOJ governor Ueda said that the central bank could cancel YCC and shrink their balance sheet, if their price targets are met in a 'sustainable, stable manner'.
US rates pullback, JPY jumps as focus shifts to the Fed
The Japanese Yen jumped as gold prices gained and stocks pulled back, with markets preparing for tomorrow’s FOMC rate decision amidst an injection of fear from banking.
Japanese Yen analysis: USD/JPY’s big bearish reversal ahead of the Fed
See why the Japanese yen could be the big beneficiary from a bout of risk aversion stemming from concerns about the US financial system.
Japanese Yen price action into Q2: USD/JPY key support test
While USD/JPY was strong for much of Q1, holding onto a net gain for the quarter, the bigger issue for Q2 may emanate from the fundamental side of the equation as US rates continue to fall.
Japanese yen analysis: USD/JPY breaks out despite bearish seasonality
USD/JPY's price action this week is providing a strong signal given the yen's usually bullish seasonal backdrop.
JPY Jumps, US Rates Snap Back - Bank Run Fears Drive Risk Aversion
It was a weekend of worry as the US banking sector is at the center of a risk aversion move in global markets. Regulators have started to step-in, but is it enough, and what might happen from here?
Japanese yen weakness drives: USD/JPY EUR/JPY GBP/JPY
Japanese Yen weakness has re-appeared in Q1 trade, begging the question as to whether another major trend is brewing in the Yen.
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Fiat Money: What is a Fiat Currency?
A fiat currency is a monetary instrument backed by a national government like the British pound or Canadian dollar. Learn how fiat currencies operate and how they compare to other types of money.
European Open: Can Swiss inflation turn up the heat for SNB? (USD/JPY, CHF/JPY)
Swiss inflation kicks of economic data today, where a hot print could increase expectations of another 50bp hike from the SNB.
US CPI preview: Disinflation has begun, but will it be fast enough for the Fed?
The US CPI report is now THE single economic release with the largest expected market movement, so traders should absolutely have this release marked with the bullet on their calendars.
Consumer confidence recap: A rollercoaster of economic emotion
The January Consumer Confidence report is a reminder that the US economy is like a rollercoaster ride, full of ups and downs.
Japan’s PPI rips higher ahead of this week’s BOJ meeting and inflation report
Speculation that the BOJ will be forced to step away from their ultra-loose monetary policy has only intensified with producer prices reverting back to double digits.
What is the oldest currency in the world?
The British pound has been used as England’s central currency for over a thousand years. Read about its evolution from a coin literally weighing one pound to the banknotes common today. We also rank the next three oldest major currencies: the yen, ruble and dollar.