Fed rate decision in focus: Technicals for three major forex pairs
USD mixed ahead of Fed rate decision; technicals examined for EURUSD, USDJPY, GBPUSD. Oil down despite Middle East tensions.
USD mixed ahead of Fed rate decision; technicals examined for EURUSD, USDJPY, GBPUSD. Oil down despite Middle East tensions.
Japan's July machinery orders fell 3.7% m/m, missing forecasts, while August trade deficit widened to 1105.6B yen, complicating BoJ policy.
Treasury Secretary Bessent says a small US outlay signals support for Japan's policies, which is bullish for USD/JPY, now at 155.09.
USD/JPY rose above 155 as Treasury yields hit 5.03%, a level not seen since 2007, with markets pricing a Fed rate hike.
USDJPY rose to 155.21 but stalled at the 200-hour moving average and swing area, then fell to 154.39. Sellers remain in control as buyers failed to break…
USD/JPY rose 134 pips, briefly exceeding 155.00, as intervention-related short-covering unwound and yen shorts cleared, with the Treasury Secretary's "house"…
August US CPI annual rate matched forecasts at 3.4%. Core CPI eased to 2.4%.
The US dollar traded mixed ahead of the August CPI report. Treasury yields held high while stock futures rebounded, and oil fell on diplomatic hopes.
The dollar strengthened against major currencies as Treasury yields rose ahead of the US PPI report and ECB decision. Markets also monitored geopolitical…
Treasury Secretary Bessent claims inside knowledge on yen policy, stoking questions about BOJ independence and market risks.
US dollar weakens in early trading; yen strongest, NZD weakest. Equities slide, oil rallies on Middle East tensions.
Hedge funds bet on yen strength, with dollar-yen options targeting below 150. Bitcoin may face pressure as cheap yen borrowing costs rise.
Oil surged over 2% after Houthi attacks on Saudi energy sites, while USD traded mixed and US stock futures fell as North American traders returned from the…
BOJ expected to hike rates next week, but yen rally may be limited if Ueda signals caution.
The yen hit a six-month high against the dollar as BOJ hike bets built, while China's August imports missed forecasts and the Kospi gained nearly 2%.