USD/JPY Slumped after Soft US CPI, Sparking Fresh Intervention Speculation
The pair registered a sharp fall on Thursday following cooler US inflation, in a move that that has markets guessing if Japanese authorities intervened again
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The pair registered a sharp fall on Thursday following cooler US inflation, in a move that that has markets guessing if Japanese authorities intervened again
The central bank of New Zealand stayed on the sidelines again today, but its messaging was more dovish compared to the previous meeting, raising chances of rate cuts within the year
The pair extended its relentless rally to the highest since 1986 as the Fed is hesitant to slash rates and the BoJ is moving slowly to less easy stance, but risk of FX intervention rises
The pair jumped as chances of an RBA rate hike are boosted, after inflation hit six-month highs
The pair continues its surge towards the April multi-decade peak as the Fed’s reluctance to cut helps the greenback, while the BoJ moves slowly away from the easy stance and today’s mixed inflation data don’t help bolder action
The global currency markets suffered sharp fluctuations in 2014, as numerous developments combined to help create intense volatility.
Despite the prevalence of the Euro in Western Europe, the Swiss Franc remains the dominant currency of Switzerland.
The currency of the People's Republic of China is known as the renminbi (RMB), and its main unit of account is the yuan (¥ or CNY).
The Japanese yen is the official currency of Japan and, after the US dollar and the euro, is the third most-traded currency in the world, with 23% of daily foreign exchange turnover.
The Australian dollar is the official currency of the Commonwealth of Australia, which includes mainland Australia, its territories, as well as Kiribati, Nauru, Tuvalu and Zimbabwe.
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