JPY

The January Consumer Confidence report is a reminder that the US economy is like a rollercoaster ride, full of ups and downs.

Whilst traders remain net-long the US dollar, around $7 billion of net-long exposure was unwound last week alone.

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.

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.

There’s only one problem with the Fed pivot narrative: Traders aren’t buying it (yet, at least)!

There’s only one problem with the Fed pivot narrative: Traders aren’t buying it (yet, at least)!

The stark central bank policy divergence between the Fed and BOJ is an easy story for traders to grasp onto...

Fundamental trends show no imminent signs of reversing, but CAD/JPY’s chart nonetheless suggests that there may be an opportunity for one or both of these currencies to reverse some of this year’s moves.

US markets are closed just after lunch today. But that is not to say it will be a dull session if price action overnight is anything to go by.

Yields differentials remain favourable for the USD/JPY bull case, which finally broke above 115 for the fort time since March 2017.

In retrospect, it’s clear why Biden delayed for so long: There was little upside regardless of who he chose.

Today’s main calendar event is the preliminary read of the University of Michigan’s consumer report, which also includes inflation expectations.

Jerome Powell is yet to be reconfirmed for a second term as Fed Chair, whilst ‘transitory’ inflation is on a tear. We’re curious to see which one will last the longest.

Fears of Chinese property developer Evergrande becoming a “Lehman type” moment for markets have eased, sparking hopes of a turnaround Tuesday session in risky assets.

If yields continue moving lower over the next few weeks, USD/JPY should move with it

USD/JPY is currently trading between tight resistance and support

After Jackson Hole, the monthly US jobs reports may be the most important regularly-occurring economic data for traders to watch in the coming months...