Fundamental view: The US dollar has skyrocketed against the Japanese yen during the trading course of the week. The widening spread between US and Japanese sovereign yields over the past three weeks has kept the USD/JPY moving sharply higher despite the weaker view on the dollar. The yen was hampered by the prospect of another huge [...]
Fundamental view: The US dollar showed a bullish trend against the yen during the trading course of the week. The pair seemed to react to the bond taper despite of the huge miss in the US September Nonfarm Payrolls. The US economy has made a gain of just 194,000 jobs in September which is far worse [...]
Fundamental view: The US dollar has rallied significantly against the Japanese yen during the course of the trading week. Surging US Treasury yields has helped the USD/JPY to reach a level of 112, the first time high since the pandemic. Federal Reserve Chair Jerome Powell has noted in his comments after the FOMC that a majority of members felt that [...]
Fundamental view: The US dollar initially fell but later in the week turned around and showed strength against the yen. The US dollar was supported by the Fed Chair Jerome Powell’s surprisingly aggressive prognosis on the taper and by the bank’s own forecast for a fed funds rate hike next year. China Evergrande crisis has [...]
