Fundamental view: The US dollar has rallied a bit against the Japanese yen during the trading course of the week. US dollar seems to gain support from the US inflation figures and comments from Federal Reserve officials, including Chair Jerome Powell; He says that it is time to act on inflation. The Fed is widely [...]
Fundamental view: US dollar traded low against the Japanese yen during the trading course of the week. Discovery of coronavirus new variant Omicron created sour market sentiment. This might have created risk aversion market sentiment, in turn favoring the safe haven - Japanese yen. Omicron case reports began to arise from various countries and US [...]
Fundamental view: US dollar raised in the beginning of the week and reached its peak 115.52 on Wednesday since January 2017, the reason behind this move can be related to US inflation and Consumer spending data. But the outbreak of new coronavirus variant led to the risk aversion sentiment in the market , Along with [...]
Fundamental view: The US dollar has rallied significantly during the course of the week and broke the ¥115 level. The Good US Retail Sales report along with a Consumer Price Index (CPI) at its highest level since 1990 favored the US dollar and in turn may allow the Fed to end its $120 billion bond buying program as targeted by [...]
