Fundamental view: Greenback showed a uptrend against the Japanese yen in this week despite somewhat conflicting directions from US economic data. Consumer price gains in the US have moderated slightly in August and gave the Federal Reserve additional logic for delaying their bond taper. Whereas Federal Reserve policy as enumerated many times by Chair Powell, [...]
Fundamental view: US dollar showed a bullish trend against the Japanese yen this week. Japanese Prime Minister Yoshihide Suga, weak economic data and an extended pandemic emergency in much of the country were the reasons behind the yen weakness. It has to be noted that Mr. Suga had replaced Shinzo Abe last year who resigned [...]
Fundamental view: Greenback fell against the Japanese yen in the past week. The main reason behind the dollar fell are the renewed USD weakness following the Dovish Fed Officials comments and the dismal US August jobs report. Nonfarm Payrolls in US increased by only 235,000 in August which fell well short of already-lowered projections. Fed [...]
Fundamental view: USD/JPY has shown a bullish trend last week. Even tough the US dollar was weak, it portrayed a uptrend against the struggling yen.Dallas Fed President Robert Kaplan showed readiness on considering tapering the bank's $120 billion/month bond-buying scheme as a response to the Delta COVID-19 variant and Bank announced that t its Jackson [...]
