Analysis

Yen Continues to Strengthen: Hopes for a Tough Stance from the Bank of Japan

Yen Continues to Strengthen: Hopes for a Tough Stance from the Bank of Japan

The Japanese yen continues strengthening against the US dollar, with the USD/JPY pair decreasing to 156.31, marking a near 2% appreciation over the past two weeks. This uptrend initially stemmed from significant currency interventions by the Japanese government and the Bank of Japan, with estimates suggesting the purchase of around 6 trillion yen on 11-12 July to bolster the yen.
RoboForex | 290日前
Daily Global Market Update

Daily Global Market Update

Gold dropped 0.6%, Euro and Pound traded sideways. Bitcoin dipped slightly. Gold and currency indicators are negative, Bitcoin's positive. Key economic data due today: US Red Book Index, Existing Home Sales, and Eurozone Consumer Confidence.
Moneta Markets | 291日前
USDCAD, gold, EURUSD

USDCAD, gold, EURUSD

BoC policy meeting may send loonie even lower; US Core PCE index could drive gold south; EURUSD may not affected by Eurozone PMIs figures
XM Group | 291日前
Daily Global Market Update

Daily Global Market Update

Oil prices (CL1!) dropped 2.6%, Aussie dollar (AUDUSD) flat but oversold, Euro (EURUSD) steady with positive signal, Yen (USDJPY) unchanged with positive signal. China's fuel imports down, tech outage disrupts markets. US economic data and Eurozone meeting eyed today.
Moneta Markets | 292日前