Analyse
Yen Weakness Triggers Intensified Verbal Intervention from Japanese Officials
The Japanese yen continued its downward trajectory overnight, with the USD/JPY pair hitting a new high for the year at 160.87. This persistent depreciation has heightened concerns among Japanese authorities, leading to stronger verbal interventions. Japan's top currency official, Kanda, expressed grave concern yesterday, stating, "I am deeply worried about the recent rapid weakening of the yen.
ACY Securities
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Dollar Dips on Soft Data, Yen Maintains Weakness
The Dollar Index, a measure of the value of the Greenback against 6 major currencies, eased to 105.93 from 106.05 following the release of softer than expected US Core Durable Goods Orders.
ACY Securities
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All Eye on Today’s U.S. PCE
Investors are eagerly anticipating today’s U.S. Personal Consumption Expenditures (PCE) data for further insights into the dollar’s trajectory.
PU Prime
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Yen: a managing decline
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Yen: a managing decline
FxPro
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Yen under pressure as USD/JPY hits new highs since 1986
The USD/JPY pair soared to 160.34 on Thursday, reaching levels not seen since 1986, as market participants increasingly anticipate potential interventions from Japanese authorities. Despite repeated verbal assurances, the Japanese government has not taken concrete financial measures, leaving the yen vulnerable.
RoboForex
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EBC Daily Snapshot Jun 27, 2024
The dollar trimmed gains from the previous session as Treasury yields slightly eased. US new home sales fell last month due to high mortgage rates.
EBC Financial Group
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Dollar rises to a 38-year high against yen
Dollar rises as investors digest Fed remarks - Dollar/yen breaks 160, triggers intervention warnings - Wall Street trades in the green, AI still the main driver
XM Group
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Buyers failed to pick up on the crypto market
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Buyers failed to pick up on the crypto market
FxPro
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EBC Markets Briefing | All eyes on Friday with a yen below 160
The yen hovered near a 38-year low below 160 per dollar. Finance Minister Shunichi Suzuki said authorities would take the necessary actions.
EBC Financial Group
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Japanese Yen Trades to New Low in Decades
The Japanese Yen plummeted to its weakest level since 1986 at 160.87 against the greenback, the currency pair has lost more than 12% this year
PU Prime
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Daily Global Market Update
The Euro and Gold dipped slightly, while the Dollar strengthened against the Yen. Meta's stock surged but might be overbought. Amazon hit $2 trillion in market cap, boosting investor optimism. Upcoming economic data include US GDP and Durable Goods Orders.
Moneta Markets
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Gold: third time lucky for the bears?
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Gold: third time lucky for the bears?
FxPro
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AUD/USD surged, buoyed by RBA confidence and inflation growth
The Australian dollar strengthened notably against the US dollar, with the AUD/USD pair reaching 0.6684. Australia’s May economic indicators from MI remained unchanged at zero compared to the previous value. Meanwhile, Australia’s weighted average consumer price index increased to 4.0% y/y from the last 3.6%, surpassing the less ambitious forecast of 3.8%.
RoboForex
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EBC Daily Snapshot Jun 26, 2024
On Wednesday, the dollar edged up as Fed officials signaled no rush for rate cuts. The Aussie dollar rose on inflation hitting a six-month high.
EBC Financial Group
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Stocks’ asthmatic reaction keeps dollar in demand
US stocks edge higher amidst quiet newsflow. French elections are around the corner. Aussie and loonie benefit from hotter CPI reports. Yen remains under pressure
XM Group
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Will there be a rebound development in Bitcoin?
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Will there be a rebound development in Bitcoin?
FxPro
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EBC Markets Briefing | Investors bet on continued rally in US gas
Oil prices fell early on Wednesday in Asia due to unexpected US stockpile jumps, which raised concerns about weaker demand trends.
EBC Financial Group
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Dollar Strengthen on Upbeat Economic Data
On the back of the upbeat CB Consumer Confidence reading of 100.4, several Fed governors issued hawkish comments on upcoming monetary policy, which ultimately bolstered the dollar's strength. Despite the Fed's hawkish outlook, the U.S. equity market rallied, driven by Nvidia, the AI bellwether company, which rose approximately 7%, fueling gains in the Nasdaq and S&P 500.
PU Prime
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Daily Global Market Update
Bitcoin surged 2.5% but may be overbought. Alibaba stock dipped 0.9% and is oversold. AUD/USD down slightly but could rise soon. Gold price fell 0.4% but might rebound. Oil prices dropped 1% on weak US consumer confidence. US dollar stays strong due to Fed rate cut expectations. Watch out for upcoming economic data from US, Finland, France and Japan.
Moneta Markets
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Yen Faces Continued Pressure Amid Political and Economic Factors
This week, major forex rates are consolidating ahead of significant events: the Biden-Trump presidential debate, the US PCE deflator report, and the French parliamentary elections. The US dollar has seen a slight decline but remains strong, with the dollar index hovering near the 106.00 mark. This mild drop in the USD led to a dip in USD/JPY, hitting an intra-day low of 159.19.
ACY Securities
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