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USDJPY


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Market Comment – Fed’s Waller fuels the dollar, yen intervention warnings intensify

Fed Gov. Waller says no rush to lower rates June rate cut probability declines, dollar gains Yen recovers on stronger intervention warnings Wall Street and gold trade north Dollar gains as Waller signals patience The US dollar finished Wednesday slightly higher against all but one of its major peers and continues to trade on the front foot on Thursday as well.
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Market Comment – Yen sinks to intervention ‘danger zone’

Yen slips to new 34-year low, drawing stronger intervention threats Swiss franc loses ground too, dollar rebounds after solid US data Gold steady near record highs, chipmakers weigh on stock markets Yen hits the danger zone Currency traders are dusting off their FX intervention playbooks after the Japanese yen briefly fell to its lowest levels since 1990 against the dollar, drawing fierce warnings from officials in Tokyo that they could step in to defend the currency.
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Technical Analysis – Are USDJPY bulls ready for a new record high?

USDJPY trades higher again, testing the October 21, 2022 high Last week's events have renewed the bullish pressure as intervention risk increases Momentum indicators support the bullish move; all eyes are on the stochastic oscillator USDJPY is continuing its journey north and it is now testing the October 21, 2022 high at 151.94 as last week’s events have probably invigorated the bulls.
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Weekly Technical Outlook – USDJPY, EURUSD, Gold

USDJPY consolidates gains after touching important resistance EURUSD begins to recover, but threats remain Will gold’s bull run take a breather after record high?   Core PCE inflation --> USDJPY The Bank of Japan’s decision to exit negative interest rates did not provide a helping hand to the yen. Neither did the Fed’s unchanged projections of three rate cuts in 2024 weigh harshly on the US dollar, with USDJPY barely losing ground within the 151.00 territory after marki
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Market Comment – Yen stabilizes as Japan ramps up intervention warning

Threats of FX intervention help yen to stabilize near three-decade lows Dollar and stocks take a step back, Bitcoin jumps in anticipation of halving Shortage of liquidity could be an important market theme this week Yen on intervention watch Authorities in Japan issued another round of warnings to defend the sinking yen, which fell towards its lowest levels in three decades last week, even after the Bank of Japan raised interest rates out of negative territory.
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Market Comment – Dollar eases from highs as intervention warning props up yen

Intervention threat spurs mild rebound in yen after top currency official’s warning Yuan also rebounds, triggering broader retreat in US dollar Stock market rally cools amid quieter week before Easter break, core PCE eyed Yen firmer after fresh verbal intervention The Japanese yen edged higher on Monday, starting the holiday-shortened week on a steadier note, following a 3.5% slide on the back of the Bank of Japan’s dovish rate hike last week.
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Week Ahead – Markets quiet down after central bank frenzy

Dollar recovers after Fed selloff, turns to PCE inflation Yen falls despite rate increase, testing three-decade lows  Quarter-end flows could disturb the waters in a quiet week   Dollar stages recovery after Fed It was an action-packed week for FX traders, with five central bank meetings injecting volatility into the market. In a surprising move, the Federal Reserve continued to signal three rate cuts for this year, even though its new economic forecasts pointed to slightly hotte
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Market Comment – Stocks at fresh records even as dollar bounces back

Wall Street leads rally in equity markets, fuelled by rate cut optimism But US dollar stages surprise rebound amid US exceptionalism Pound slides on BoE’s dovish tilt, yen steadies, PBOC loosens grip on yuan Equities buoyed as easing expectations gather pace Shares on Wall Street are headed for strong weekly gains following the conclusion of the March central bank meetings that cemented rate cut expectations for 2024. After the European Central Bank paved the way for lower ra
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Technical Analysis – USDJPY reaction to the Fed and BoJ decisions

Fed and BoJ decisions have some impact on USDJPY Daily chart shows some weakness for the next few sessions But weekly chart looks strongly bullish FOMC decision drives dollar lower The dollar declined following the FOMC meeting on Wednesday, as Federal Reserve Chair Powell adopted a more accommodative stance. Policymakers have maintained the dot plot’s view for this year, which indicates a total of 75 basis points worth of interest rate reductions.
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Market Comment – Dollar tumbles as Fed still sees three rate cuts this year

Fed’s updated dot plot continues to suggest three rate cuts in 2024 Dollar tumbles across the board, June cut probability rises Pound traders lock gaze on BoE, SNB cuts interest rates S&P 500, Dow Jones and gold hit new record highs Dollar falls on dovish Fed The US dollar tumbled across the board on Wednesday after the Fed’s new projections revealed that officials are still expecting three quarter-point rate cuts in 2024. The greenback has been in a recovery mode l
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Market Comment – Dollar rises as Fed enters spotlight, yen plummets

US dollar gains as traders brace for hawkish Fed Yen tumbles despite BoJ’s historic decision Loonie slides on cooler than expected Canadian inflation Wall Street gains ahead of Fed, oil extends advance Will the Fed revise its dot plot higher? The US dollar traded higher against its major counterparts yesterday, gaining the most versus the yen, the kiwi and the loonie in that order.
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Technical Analysis – USDJPY advances in the BoJ aftermath

USDJPY storms to fresh 2024 high after BoJ’s rate hike The pair is within breathing distance from 33-year peak Momentum indicators point to overbought conditions USDJPY has been in a steady uptrend after finding its feet a tad above the 200-day simple moving average (SMA) in early March. Meanwhile, the pair posted a fresh 2024 high following a dovish hike by the BoJ on Tuesday, while it has been extending its gains ahead of the FOMC meeting later today.
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Technical Analysis – USDJPY fights for an uptrend extension

USDJPY bounces back to the 2024 resistance area Room for further improvement could be limited   USDJPY experienced heavy buying after the Bank of Japan abandoned its negative rate policy and its yield curve control program, but pledged to keep policy settings accommodative. The pair jumped vertically to an almost three-week high of 150.84, recouping the sell-off at the start of the month but still holding around the February-March ceiling.
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Technical Analysis – USDJPY flies towards the 3-month high

USDJPY rebounds off uptrend line and 200-day SMA Stochastics and RSI hold in positive territories USDJPY is skyrocketing after the bounce off the 146.45 support level and is approaching the previous three-month high of 157.87. The market remains above the short-term uptrend line and also it surpassed the simple moving averages (SMAs), suggesting more gains in the market.
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Market Comment – BoJ hikes, scraps yield curve control, but yen slumps

BoJ ends negative rates and yield curve control in historic move But yen can’t catch a break as Ueda signals ongoing accommodative stance Aussie also under pressure as RBA tones down tightening bias Dollar resumes climb before Fed comes into the limelight BoJ ditches most stimulus-era policies As had been widely speculated, the Bank of Japan announced an end to eight years of negative interest rates and sharply scaled back its asset purchases after its policy meeting on Tu
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Market Comment – Yen stays on the backfoot despite BoJ rate hike speculation

Wage data drives up bets of BoJ rate hike on Tuesday but yen not convinced Weaker yen boosts Nikkei but inflation worries weigh on Wall Street ahead of Fed Dollar steady in calm start to a very busy week but oil unsettled by geopolitics All eyes on BoJ decision as yen slips Intensifying speculation about a potential historic rate hike by the Bank of Japan is dominating the start of the week where the Federal Reserve, as well as central banks in the UK, Switzerland and Australia
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Week Ahead – Five central banks: who will hike, who will not cut?

Fed meets on Wednesday with focus on new dot plot Will the Bank of Japan finally end negative rates on Tuesday? BoE and RBA to stick with patience, SNB might be in more of a rush to cut Flash PMIs plus inflation data in the UK, Japan and Canada will also be crucial Fed decision: hoping for the best The upcoming week will undoubtedly be one of the busiest, not to mention the most important, of the year for investors with five major central bank decisions on the way, along with
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Market Comment – Dollar recovers, equities stall after US data releases

Dollar stages comeback as US data fuels speculation of fewer Fed cuts Stocks and Bitcoin take a step back, oil climbs after Ukraine drone attacks Yen traders play the guessing game ahead of next week’s rate decision Dollar gets excited after US data The US dollar came back swinging this week, after a series of inflation surprises fueled speculation that the Fed will signal a slower pace of rate cuts when it meets next week.
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Fed decision: Will the new 'dot plot' boost the dollar? – Preview

Fed will announce its latest decision at 18:00 GMT Wednesday Almost certain to keep rates steady, so focus will fall on ‘dot plot’ Signals of fewer rate cuts this year could help the dollar recover   Solid economy pushes back Fed cuts The US economy continues to defy expectations. Economic growth is on track to hit 2.5% this quarter, juiced by enormous government spending and solid consumer demand.  Labor markets have shown some early signs of loosening lately, but re
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Market Comment – US PPI and retail sales data enter the limelight

After hot CPI inflation, dollar awaits PPI and retail sales data Yen on the back foot as BoJ March hike bets decrease S&P 500 and Nasdaq pull back, gold rebounds Dollar trades cautiously ahead of US data The US dollar traded lower against most of its major peers yesterday, gaining some ground only against the Swiss franc and staying virtually unchanged against the Japanese yen.
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