Fundamental view: The dollar traded higher against the Japanese yen this week because of the recent dollar strength as of its July 28 meeting. The rise in Covid-19 Delta cases in many of the states in US and across countries were the reason behind the dollar’s gains. The Fed begin its annual three-day Jackson Hole [...]
Fundamental view: Greenback dropped against the Japanese yen in the last week due to the sharp decline witnessed in the US Treasury bond yields and the broad-based USD weakness. Federal Reserve policy is also undetermined. Several bank officials, including Vice-Chair Richard Clarida, made a suggestion that a reduction in the amount of bond purchases may [...]
Fundamental view: The US dollar initially fell during the course of the week and then picked up and formed a bullish candle. The US dollar rally formed after U.S. Federal Reserve led markets to bring forward the likely timing of a policy tightening. The yen pair portrayed a strong recovery after the previous day in [...]
Fundamental view: The US dollar has fallen against the Japanese yen during the course of the week. The dollar was trading low due to weak US statistics and stationary monetary policy, there was no compelling reason to buy dollar whereas yen also seem to be unattractive with the absence of positive data. Comments from Japanese [...]
