USD/JPY rises as Yen can’t benefit from risk aversion from the US-Iran conflict
The pair rises as fiscal worries and growth risks from higher oil prices prevent the Yen from benefiting from risk aversion, while the greenback finds demand.
Page 2 of 7
The pair rises as fiscal worries and growth risks from higher oil prices prevent the Yen from benefiting from risk aversion, while the greenback finds demand.
The pair slides as New Zealand’s central bank keeps interest rates at 2.25% and maintains an easy policy stance.
The Japan election results can weigh on the pair, and the strong US jobs report raises the bar for Fed cuts, but the dollar continues to face challenges from mounting deficits and macro uncertainty.
The pair slips as the Yen firms on political clarity and FX intervention risks, but prospects of bold fiscal stimulus under PM Takaichi could weigh on the Japanese currency.
The pair extends its gains on Yen weakness from fiscal worries tied to the elections and a greenback recovery, but dowside risks linger.
Australia’s central bank raised rates for the first time since late 2023 amid strengthening price pressures, sending the Aussie higher.
The pair reached new highs after firm Australian inflation, but erases gains as the greenbacks recovers, with rate decisions by the Fed and the RBA looming.
The pair drops as markets anticipate FX intervention, after Japanese Prime Minister Takaichi vowed to act against speculative moves, while broader US dollar weakness adds pressure.
The pair declines as the BoJ raised rates earlier this month and the summary of opinions reaffirmed the tightening bias, whereas the Fed maintained its easing stance.
The pair drops as the Japanese central bank see strong wage growth for next year, bolstering the chances of tightening just a week after the Fed cut rates.
The pair finds support as the contraction of the UK economy bolters the case for a rate cut by the Bank of England, but persistent inflation can keep it in cautious mode.
These materials constitute marketing communication and do not take into consideration your personal circumstances, investment experience or current financial situation. The content is provided as general market commentary and should not be construed as containing any type of investment advice, investment recommendation and/or a solicitation for any investment transactions. This market communication does not imply or impose an obligation on you to perform an investment transaction and/or purchase investment products or services. These materials have not been prepared in accordance with legal requirements designed to promote the independence of investment research and are not subject to any prohibition on dealing ahead of the dissemination of investment research.
FXCM, and any of its Affiliates, shall not in any way be liable to you for any inaccuracies, errors or omissions, regardless of cause, in the content of these materials, or for any damages (whether direct or indirect) which may arise from the use of such materials, services and their content. Consequently, any person acting on them does so entirely at their own risk. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.