Fundamental view: US dollar has rallied against all the majors in this week, It was also noisy against the Japanese yen. Federal Reserve has launched its bond program taper at previous Wednesday’s meeting with a $15 billion reduction in monthly purchases, only November and December were spoken for in the FOMC statement. Elsewhere the governors [...]
Fundamental view: The US dollar has gone back and forth during the course of the trading week while portraying negative weekly trend. The Federal Reserve announcement that it was ending, gradually, its emergency bond program, this was the most highly anticipated market event of the year. The US Central Bank had kept interest rates unchanged [...]
Fundamental view: US dollar has rallied a bit against the Japanese yen during the trading course of the week. The credit goes to the dovish Bank of Japan statement. Markets have reacted to the Fed restriction but the amount and timing of the purchase reduction is uncertain. Treasury yields in the US have spiked while [...]
Fundamental view: US dollar has lost its ground against the Japanese yen in this week. In Japan, National election on October 31 is almost guaranteed to return the Liberal Democratic Party (LDP) candidate, current Prime Minister Fumio Kishida, to office. He has promised new fiscal and monetary stimulus programs to revive the Japanese economy. On [...]
