Tag Archives: JPY
JPY Mid-day Analysis
As expected, the Yen was one of the main victims of tapering as there is now an even sharper contrastbetween the Fed and an accommodative Bank of Japan.
The Australian economy & financial markets in 2014
The US, EU and Asian economies have shown an improving growth outlook in recent months that should carry into 2014. It hasbeen a positive development for financial markets to see downside growth risks and volatility receding.
JPY Mid-day Analysis
Sizable year-on-year gains on both the export and import sides of the equation could not prevent theJapanese Trade deficit from reaching a record level, which has weighed on the Yen coming into this morning’strading.
JPY Mid-day Analysis
While staying well above last Friday’s spike lows, the Yen is having a difficult time sustaining upsidemomentum early this week. A rebound in Japanese equities has dampened another recent source of safe-havensupport,
JPY Mid-day Analysis
Considering the support it found during the Asian session, the lack of upside follow-though this morningmay indicate that the Yen is heading down towards much lower price levels during the near future.
The Week Ahead in FX
In the week ahead, investors will be focusing on Wednesday’s outcome of the Fed’s monthly policy meeting, and a press conference with Chairman Ben Bernanke will be closely watched.
Weekly CFTC Trader Positioning Data
Sentiment appears to be building over the domestic stories ra-ther than a broader USD move driven by talk of tapering. The data highlight this well with notably mixed positioning against the USD, as CAD, AUD and
JPY Mid-day Analysis
In spite of a noticeable increase in global risk aversion this morning, the Yen continues to find little benefitas prices drove further into new low ground before making a moderate recovery this morning.
JPY Mid-day Analysis
Safe-haven support is providing little if any benefit for the Yen, as this week’s recovery move failed to retestthe 98.00 level before losing upside momentum and heading lower.
JPY Mid-day Analysis
In spite of calmer overseas risk conditions this week, the Yen has been able to maintain upside momentumgoing into this morning’s trading. A rebound in Japanese Machinery Orders helped to lift prices,
JPY Mid-day Analysis
After reaching a new low for the move last night, the Yen has clawed its way back into positive territory topost moderate gains this morning. A failure of Japanese equities to climb up into new high ground,
The Week Ahead in FX
In the week ahead, the U.S. is to release what will be closely watched data on retail sales, while rate announcements by the Reserve Bank of New Zealand and the Swiss National Bank will also be in focus.