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Consolidation Featured
Yesterday's poor 10-year note US Treasury auction helped turn the equity market lower yesterday and this carried over into Asia Pacific and European activity today. Today, Treasury completes its quarterly refunding with the sale of $25 bln 30-year bonds. The general tone in the foreign exchange market is one of consolidation. Japanese investors were buyers of foreign stocks on bonds last week, according to the latest portfolio flow report, which is not what one would expect if Japanese investors were repatriating assets and unwinding their natural carry trade. Foreign investors were sellers of Japanese bonds and ... (full story)
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From xm.com|Aug 8, 2024EURJPY is trading lower today, close to the 159.64 level and considerably above the August 5 low of 154.38. The market is clearly trying to find its footing following the recent ...
From channelnewsasia.com|Aug 8, 2024The yen hit choppy trading on Thursday after a sharp drop the day before in a volatile week in which investors have had to digest the unwinding of popular carry trades and how ...
From japantimes.co.jp|Aug 8, 2024A tsunami advisory was issued for parts of Kyushu and Shikoku on Thursday after a magnitude 7.1 earthquake, registering a lower 6 on the Japanese seismic intensity scale, struck ...
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From dol.gov|Aug 8, 2024|5 commentsIn the week ending August 3, the advance figure for seasonally adjusted initial claims was 233,000, a decrease of 17,000 from the previous week's revised level. The previous ...
From cmegroup.com|Aug 8, 2024Why has the Japanese yen weakened against the U.S. dollar while the Mexican peso has strengthened over the long term?
From forex.com|Aug 8, 2024Looking across major indices and forex pairs, all I see is the same setup. A sudden drop of risk assets, with cautions gains now lifting them from their lows. Comments from Fed ...