USDJPY trades at its highest level since April 1990 Momentum indicators flag extremely overbought conditions For now, Japanese authorities seem reluctant to intervene USDJPY has been in a steady uptrend after finding its feet near the 200-day simple moving average (SMA) in early March. On Thursday, the pair posted a fresh 34-year peak, extending its rally within […]
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Summary In recent times, the U.S. dollar’s status as the global reserve currency has been questioned, more so now that the reach of U.S. sanctions capabilities has been expanded to seize foreign government dollar assets. Read more…
EUR/USD: What’s Wrong with the US Soft Landing? The headline of our last review stated that inflation remains stubborn, and the US GDP is slowing. Newly arrived data have only confirmed these assertions. A crucial Read more…
Sometimes bad news is good news. It certainly seemed that way on Friday. The Labor Department reported job growth in April waned from a big jump reported in March. Investors pushed shares of Apple (AAPL) up 6% Read more…