JPY Price Forecast: BoJ Hopeful for Softer USD
USD/JPY swiftly recovered yesterday’s downside move but US economic data could aid in a bullish yen outlook.
USD/JPY swiftly recovered yesterday’s downside move but US economic data could aid in a bullish yen outlook.
The US dollar is trying to move higher after the latest FOMC minutes showed that the Fed in no mood to cut interest rates anytime soon.
Outlook on FTSE 100, S&P 500 and Russell 2000 as US earnings season draws to a close
USD/CAD prices are on the precipice of a breakdown lower but US macroeconomic data and OPEC+ decision on supply are crucial for short-term guidance.
Bank of Canada will breathe a sigh of relief following a better-than-expected CPI print. The Central Bank will be hoping this is a start of a trend rather than a once off drop as we had in June.
The FOMC Minutes release had limited impact today as markets have already weighed key data releases since. The DXY eyes a deeper recovery but is it sustainable?
The Japanese Yen has struggled to find its footing even after the BoJ eased restrictions on bond yields. Today, the yen in on track for its fourth straight day of gains
Rand prices stay firm after a lackluster few trading sessions as markets keenly await the FOMC minutes, South African CPI and the SARB rate announcement later this week.
The US dollar continues to weaken and this is opening the way for gold to re-test the late October multi-month high
The RBA weighed up the pros and cons of hiking rates in November and decided it was crucial to anchor inflation expectations. Higher demand also seen contributing to CPI