USDJPY needs interventions and rate hikes. Monetary policy divergence is pushing EURUSD lower. The US dollar found no clues in Kevin Warsh’s comments, and attention shifted to the US labour market report for June. The Fed Chair noted a reduction in inflationary risks and reaffirmed the central bank’s commitment to bringing inflation back to the […]
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Key takeaways USD/JPY’s sharp intraday reversal bears the hallmarks of official intervention. The sudden 0.5% decline during the Asian-London session, coupled with reports that Japanese authorities may be shifting toward less predictable intervention tactics, suggests Read more…
Japan may not have spent a dollar today, but it may have achieved one of the key goals of intervention anyway. USD/JPY plunged from 162.59 to below 161.30, a move large enough to trigger immediate Read more…
GBP/USD shrugged off the impact of Bank of England Governor Andrew Bailey’s speech at the ECB forum in Sintra and rose to 1.3287 on Thursday. Earlier, Bailey confirmed that he had opposed the interest rate Read more…