Fundamental view: US dollar had a good start at the beginning of the week but later gave up some gains against the yen during the trading course of the week. The minutes from the Central bank’s December 16 meeting highlighted a discussion about reducing the bank’s $8.5 billion balance sheet. Fed also judged that conditions [...]
Fundamental view: US dollar rallied against the Japanese yen during the trading course of the week. The US policymakers are hopeful of reaching an agreement over the Build Back Better (BBB) whereas Japanese diplomats cheer record budget and show readiness to battle the pandemic. Elsewhere, Authorities from Japan have recently suggested further easy money policies [...]
Fundamental view: The US dollar moved higher against the Japanese yen and reached December high of 114.49 on Friday. The reason for this can be linked to the diminishing fear of Omicron and the Hawkish fed. The reports that the Omicron variant might be less severe than feared helped in easing the worries about the [...]
Fundamental view: The greenback initially rallied but later gave up gains against the Japanese yen during the trading course of the week. The most awaited Federal Reserve meeting since the November one, the Fed advanced it’s exit from pandemic support from June to March and tripled its 2022 rate hike forecast. The monetary policy was [...]
