Fundamental view: The US dollar initially fell during the course of the week, but then turned around to show signs of strength. Demand for the American currency surged mid-week, amid hopes things will start falling into place this year. Coronavirus immunization through different vaccines lifts odds for an economic comeback in the second semester of [...]
Fundamental view: The US dollar has initially tried to rally during the week against the Japanese yen but yen managed and formed a bearish candle in the week. There was a lot of downward pressure in the past week due to broad US dollar weakness. Furthermore, we have the US Senate runoff elections in Georgia that could [...]
Fundamental view: US dollar seemed to be stronger against the yen in the previous week. US dollar is heavily weighed upon by the stimulus situation in America, which seems to be getting more aggressive as Donald Trump is demanding even more stimulus for Americans. US New Home Sales on 23rd Dec and Japan Housing Starts [...]
Fundamental view: The USD/JPY pair fell to a fresh monthly low of 103.25 this week as the greenback plummeted on the back of the market’s hopes. The pair neared June 2020 low at 103.17, bouncing ahead of the Fed’s announcement, as poor US data dented investors’ mood. The Bank of Japan's decisions to leave interest rates and [...]
