USD/JPY tepid amid FX intervention risks after Fed and BoJ hikes
USD/JPY is cautious as markets monitor intervention risks following its best week in almost a year after the Fed outhawked its Japanese counterpart.
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
USD/JPY is cautious as markets monitor intervention risks following its best week in almost a year after the Fed outhawked its Japanese counterpart.
The BoJ raised rates in the fastest tightening cycle since 1990, but two dissenters add a dovish spin and the Nikkei's outlook relies more on the AI boom than monetary policy.
FX intervention and shifting monetary policy dynamics push the pair lower, but now is the moment of truth for its path as the BoJ and the Fed decide on rates.
SPX500 maintains its upside bias but its trajectory will be shaped by key events this week, including Oracle earnings, oil prices, the CPI print and the deficit update.
After its best week since July, USOIL rises again today after the US struck Iranian tankers following attacks on its warships, raising escalation fears.
Tesla launched its purpose-build the Cybercab in a closed-door event, leaving major questions unanswered regarding the rollout, regulatory compliance, and whether it will be sold to the public.
The pair declines after the central bank of New Zealand raised rates for a second straight time but offered dovish guidance.
XAU/USD extends its decline after Fed Chair Warsh offered hawkish signals in his Jackson Hole debut, with markets now pricing in a September hike.
Shares of Salesforce jumped after strong revenue guidance which, alongside a deepening Anthropic partnership, helped mitigate SaaSpocalypse worries - but AI disruption risks do not go away.
USD/KRW slips as the BoK delivers back-to-back hikes to contain inflation driven by the energy shock and the AI boom.
The SPX500 rally stalls as markets look to Nvidia earnings, PCE update and Warsh speech - events that can shape its trajectory and fuel volatility.
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