Fundamental view: US dollar traded low against the Japanese yen during the first four trading days but bounced up on Friday with surprise NFP data. The Bank of England and the European Central Bank hawkish stance on rate hike made their currencies stronger against the US dollar. USD/JPY reached its week’s low on Wednesday after [...]
Fundamental view: The US dollar edged high against the Japanese yen this week. The Federal bank monetary policy announcement strengthened the US dollar. The Central bank has left the rate unchanged however he also made a notable change of tone toward the hawkish side. The major market mover was Fed Chair noting that he will [...]
Fundamental view: USD/JPY had a fall and reached to a one-month low of 113.60 during the trading course of the week. The US central bank is about to have a monetary policy meeting next week and will announce the monetary policy decision on January 26. Meanwhile Traders have priced in the Fed’s first hike in [...]
Fundamental view: The US dollar fell against many of its rival also against the Japanese yen during the trading course of the week. The fall of US dollar can be related to the US inflation. The Consumer Price Index was confirmed at 7% YoY in December, its highest since 1982. It is widely expected that [...]
