Fundamental view: US dollar edged higher against its yen counterpart during the trading course of the week. The US Bureau of Labor Statistics reported that Nonfarm Payrolls in March rose by 431,000. The reading was far better than the market expectation of 80,000, Moreover, February's print got revised higher to 750,000 from 678,000. The March NFP [...]
Fundamental view: The US dollar rallied against the Japanese yen during the trading course of the week. A slew of influential FOMC members, including Fed Chair Jerome Powell, left the door open for a larger rise in borrowing costs to bring down unacceptably high inflation. The markets were quick to price in the possibility of a [...]
Fundamental view: The US dollar rallied against the Japanese yen during the trading course of the week. Headlines of Russia - Ukraine crisis dominated the financial markets, however it did not show any peace talks progress. US Federal Reserve monetary policy decision also acted as a major catalyst in driving the market which helped the [...]
Fundamental view: The yen pair climbed up and reached a high of 2022 - 116.35 which is also a four year top. The Ukraine crisis, US and Japan Bank Meeting are the major catalysts in driving the pair’s move. Market sentiment was down for most of the week but improved at the weekend on Friday [...]
