Forex News
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The National Anti-Scam Centre’s collaborative efforts across government, law enforcement, consumer organisations and industry have boosted the community’s fight against financial crime, as the latest Targeting Scams report reveals a 13.1 per cent decline in reported losses to $2.74 billion in 2023. The report compiles data reported to Scamwatch, ...
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A Pennsylvania man was in for the shock of a lifetime when he opened a bill from the state for $34 billion. “I knew it was an obvious blunder. I don’t even make over $100,000 a year, so there’s no way I could owe anywhere near that,” Barry Tangert told News 8 about the mind-boggling blunder. The Lancaster County resident said the mystifying letter was one ...
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The Basel Committee implementation programme has been integral to international financial architecture. Having celebrated its 50th anniversary on 24-25 April, the Basel Committee on Banking Supervision has journeyed from a humble forum for G7 bank supervisors to a titan among global financial standard-setting bodies. Its standards and principles – ...
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A couple of quick moves and the pair is dragged back down on the day: chart USD/JPY 1-minute chart. I had a whole post lined up about how Tokyo had every reason to step in but they didn't earlier. So far, the drop is still seeing a couple of volatile pushes up and down when you drill down to the minute chart. It is not quite one with extreme force. As such, I'm inclined to say that this isn't a move by Tokyo to step in. But rather, exacerbated flows making its way through some stop orders. The pair now dips to 157.80 before being bought back up again to 158.20 in quick succession. post: AND USDJPY FALLS BACK DOWN TO ERASE 2HRS OF GAIN pic.twitter.com/lsojAG8qc5 USD/JPY drop gathers pace, now down to 157.21 on the day BOJ intervention in play? chart Now, this is starting to look a bit more forceful. The 150-pip decline earlier still had some semblance of the move that we saw on Friday last week. But now, the drop in USD/JPY is starting to look more forceful and convincing. If anything, we might have finally hit the nerve and Tokyo are responding in due kind. USD/JPY now down to 156.85 as I update the post. The question now is how long can Tokyo keep this up for as they look to draw a hard line on the yen fall? The big problem for Japanese officials is that they don't have the fundamental narrative on their side. post: USD/JPY Extends Decline, Falls 1.1% to Day’s Low at 156.60
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Claudio Piron, co-head of Asia foreign exchange and rates strategy at BofA Securities, says the weakness in the Japanese yen, which dropped as much as 1.2% to 160.17 per dollar on Monday before the move pared, says is "a function of fundamentals in a certain sense.
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Large speculators flipped to net-short exposure to EUR/USD futures for the first time since September 2022. GBP/USD futures traders flipped to net-short exposure to GBP/USD futures for the first time this year. Large speculators pushed net-short exposure to USD/JPY futures to its second most bearish level on record at -179.9k contracts. They also pushed ...
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Claudio Piron, co-head of Asia foreign exchange and rates strategy at BofA Securities, says the weakness in the Japanese yen, which dropped as much as 1.2% to 160.17 per dollar on ...
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Mark Matthews, head of Asia research at Julius Baer, explains why he sees three interest rate cuts by the Federal Reserve this year.
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Japanese Prime Minister Fumio Kishida’s governing party, stung by an extensive slush funds scandal, appeared to have lost all three seats in Sunday's parliamentary by-elections, ...
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A couple of quick moves and the pair is dragged back down on the day: chart USD/JPY 1-minute chart. I had a whole post lined up about how Tokyo had every reason to step in but they didn't earlier. So far, the drop is still seeing a couple of volatile pushes up and down when you drill down to the minute chart. It is not quite one with extreme force. As such, I'm inclined to say that this isn't a move by Tokyo to step in. But rather, exacerbated flows making its way through some stop orders. The pair now dips to 157.80 before being bought back up again to 158.20 in quick succession. post: AND USDJPY FALLS BACK DOWN TO ERASE 2HRS OF GAIN pic.twitter.com/lsojAG8qc5 USD/JPY drop gathers pace, now down to 157.21 on the day BOJ intervention in play? chart Now, this is starting to look a bit more forceful. The 150-pip decline earlier still had some semblance of the move that we saw on Friday last week. But now, the drop in USD/JPY is starting to look more forceful and convincing. If anything, we might have finally hit the nerve and Tokyo are responding in due kind. USD/JPY now down to 156.85 as I update the post. The question now is how long can Tokyo keep this up for as they look to draw a hard line on the yen fall? The big problem for Japanese officials is that they don't have the fundamental narrative on their side. post: USD/JPY Extends Decline, Falls 1.1% to Day’s Low at 156.60
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Bank of Japan intervention was, and still is, directed at controlling JGBs. Its not even a secret, YCC is Yield Curve Control! The BoJ tells us that while that policy is abandoned ...
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post: USDJPY BRIEFLY CROSSES 160 pic.twitter.com/Y1bdGt8dbA USD/JPY leaps above 160 (briefly) No fresh news to act as a catalyst, stop loss run cited. 160.24 seen, but its dropped back under 160 since. Above 160 to its highest since 1990. One minute candles: chart Japanese yen weakens to 160 against the U.S. dollar for the first time since 1990 The Japanese yen weakened to 160 against the U.S. dollar in Monday morning trading in Asia. The yen briefly touched 160.03 against the dollar, the weakest level since April 1990 when it touched 160.15, according to FactSet data. The currency has languished alongside continued strength in the greenback as Federal Reserve rate cut expectations get pushed back. The yen has traded around 150 or weaker against the dollar since the Bank of Japan ended its negative interest rate regime in March. On Friday, the central bank held rates and slightly raised its inflation expectations for fiscal 2024. Japanese authorities have repeatedly warned against “excessive” moves in the yen, but have made no official announcements about bolstering the currency. Some market watchers had suspected authorities would intervene at the 155 level, but the yen slid past that mark last week. Japanese markets are closed Monday for a public holiday.
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USDJPY spiked to just above 160, specifically 160.27 (mid-prices), when it faced heavy selling that pushed the pair down below the 0.382 retracement of the uptrend since March (blue Fibonacci levels) to the 0.618 retracement of the April bullish move (red Fibonacci levels) at 154.42, testing the lower rising trendline in the process. The strength indicator ...
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EURUSD came under severe selling pressure in the aftermath of a hotter-than-expected inflation report on April 10, posting a fresh 2024 low of 1.0600. Although the pair has been regaining ground since then, the momentum indicators are still tilted to the downside. Should the rebound resume, the recent resistance of 1.0752 could prove to be the first barrier ...
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The Funded Trader, a prop trading firm that halted payouts and temporarily suspended services for three weeks, came back online last week and is now in the process of moving its base from the United States to the Cayman Islands. “The Funded Trader LLC, headquartered in the USA, is currently in the process of transitioning its operations to an entity located ...