Fundamental view: US economic growth is expected to be twice as fast as Japan’s and that prospect has been a main support for the dollar. Japan’s central bank left its base rate unchanged at 0.1% in its decision on Friday while reducing its 2021 growth estimate to 3.8% from 4%. The Fed’s 2021 projection had [...]
Fundamental view: Pound fell against greenback in the last week. US Powell spoke regarding monetary policy. He said that inflationary pressures are likely to be temporary and pledged to maintain the financial support until the economy fully recovers. Meanwhile, Democrats presented a $3.5 trillion infrastructure package. On the other hand, In the UK, Prime Minister [...]
Fundamental view: The Euro has fallen during the week, as US dollar has strength this week. US Federal Reserve Chairman Jerome Powell testified before Congress on monetary policy. In his semi-annual presentation, he repeated that inflationary pressures are likely to be temporary and pledged to maintain the financial support until the economy fully recovers. European [...]
USD/JPY pays attention on Bank of Japan’s (BOJ) monetary policy announcements, stays bullish moment on pair among early Friday. The reason could be traced to the US dollar’s sustained strength for its best weekly gain in about a month, supported by buying on investor worries about quicker U.S. interest rate increases and by rising virus [...]
