Currencies

The BoJ is defending the 25bp level on its JGBs. However, it is questionable if the central bank can maintain this, given the current global economy.

EURUSD rises into pivot resistance on the hourly.

EURUSD rallies into 50% retracement level.

The Bank of Japan did not make any changes to its ultra-loose monetary policy, but made a rare reference in the foreign exchange, give the Yen’s weakness

The common currency jumped as the ECB reportedly called an unscheduled meeting, while markets brace for the Fed’s policy decision, amidst pressure for 75 basis points rate increase

GBPUSD declines as Fed and BoE policy aggressiveness diverges.

Market participants exited the precious metal in a panic yesterday. Today sees indecision, with the Fed decision clearly on the mind of market participants.

The pair extended this month’s advance to the highest level since October 1998 on Monday, but has been consolidating over the last few days, while markets await policy updates from the Fed and the BoJ this week

The Fed's normalisation of its balance sheet will affect both yields and the dollar. So market participants should not ignore it.

The common currency slumped on Thursday, despite the path to higher interest rates laid-out by the ECB, but finds support today, ahead of US CPI Inflation

The European Central Bank (ECB) kept key interest rates unchanged as expected today, but pointed to rate lift-off in July and more hikes ahead, while raising its forecast for this year’s inflation