USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud, indicating a bullish market. Price has maintained its Read more…
Daily Pivots: (S1) 149.71; (P) 150.00; (R1) 150.44; More… USD/JPY’s rally continues today and stays above 150 handle, without clear sign of intervention by Japan. Intraday bias stays on the upside. Current up trend would Read more…
Yen remains the biggest loser for the week even though Japan has stepped up with the rhetorics against “speculations”. Dollar is standing above 150 level against Yen for now, without clear sign of actual intervention. Read more…
Japan stepped up verbal intervention as USD/JPY breaks above 150 level. Finance Minister Shunichi Suzuki warned today, “we are confronting speculators strictly.” Yet, when asked if Yen was under attack by speculators, Suzuki said, “it’s inappropriate Read more…
New Zealand good exports rose 37% yoy or NZD 1.6B to NZD 6B in September. Goods imports rose 16% yoy or NZD 1.1B to NZD 7.6B. Monthly trade balance reported a deficit of NZD -1.6B. Read more…
Japan headline CPI was unchanged at 3.0% yoy in September, below expectation of 3.1% yoy. CPI core (all items ex-fresh food) accelerated from 2.8% yoy to 3.0% yoy, matched expectations. CPI core-core (all items ex-fresh Read more…
Fed Governor Lisa Cook said, “Inflation is too high, it must come down and we will keep at it until the job is done. This likely will require ongoing rate hikes and then keeping policy Read more…
Philadelphia Fed President Patrick Harker said yesterday, “We are going to keep raising rates for a while. Given our frankly disappointing lack of progress on curtailing inflation, I expect we will be well above 4% Read more…
Key Highlights USD/JPY started a major increase and tested the 150.0 barrier. A key bullish trend line is forming with support near 148.80 on the 4-hours chart. EUR/USD might attempt an upside break above the Read more…
Key insights from the week that was. Global markets have remained cautious this week amid ongoing concern over inflation and interest rates, and as China’s National Party Congress has taken place. In Australia, the October Read more…