USD/JPY is once again knocking on the door of Japan’s intervention zone, but this week’s battle is about far more than whether Tokyo steps into the market. It has become a high-stakes game of chicken. Traders believe Japan is reluctant to intervene before Thursday’s US Non-Farm Payrolls report. Japan knows traders believe that. The result […]
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Economic sentiment across the Eurozone improved further in June, suggesting businesses and consumers are becoming more optimistic about the growth outlook despite lingering economic headwinds. However, firms grew more cautious about hiring, highlighting a widening Read more…
The key macroeconomic factor for AUD/CAD remains the divergence in monetary policy between the two central banks. After three consecutive rate hikes since the beginning of the year, the Reserve Bank of Australia left its Read more…
Over the past few weeks, financial markets have been more focused than ever on developments surrounding the Strait of Hormuz — a critical waterway at the centre of ongoing US-Iran negotiations. The back-and-forth of diplomatic Read more…