It has been a wild ride for the Japanese yen today. USD/JPY initially jumped over 1% earlier today but has reversed directions.
22-09-2022 04:39 GMT
by Kenneth Fisher
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Euro falls as risk sentiment sours
The euro has posted sharp losses today and has fallen below the 0.9900 line. In the North American session, EUR/USD is trading at 0.9875, down 0.96% on the day.
Ukraine's recent offensive has pushed Russian forces back and appears to have rattled the Kremlin.
21-09-2022 12:04 GMT
by Kenneth Fisher
The British pound continues to lose ground. GBP/USD is trading at 1.3436.
21-09-2022 10:40 GMT
by Kenneth Fisher
USD/JPY continues to show limited movement this week. In the North American session, USD/JPY is trading at 144.10, up 0.27%.
BoJ unlikely to change policy
The Japanese yen has depreciated by over 20% this year, and the yen's slide will be high on the agenda at the Bank of Japan's meeting on Thursday.
21-09-2022 08:40 GMT
by Kenneth Fisher
US stocks are weakening as Wall Street expects the Fed to remain aggressive with their fight against inflation and as Ford reminds us supply chain issues are still troubling.
Yields are surging as the inflation-fighting Fed is expected to remain relentless with the tightening of policy, which is raising the risk of a severe recession.
20-09-2022 12:44 GMT
by Edward Moya
The Canadian dollar is sharply lower today. In the North American session, USD/CAD is trading at 1.3329, up 0.59% on the day.
Canada's inflation surprises to the downside
Canada's August inflation report fell to 7.0%, down sharply from 7.0% in July and below the consensus of 7.3%.
20-09-2022 09:53 GMT
by Kenneth Fisher
The Japanese yen is in negative territory, as USD/JPY trades at 143.67, up 0.31%.
Will Fed or BoJ wake up sleepy yen?
There is plenty of anticipation, as the Federal Reserve holds a meeting on Wednesday, followed by the Bank of Japan the next day. The yen has shown limited movement, oblivious to all the fuss.
20-09-2022 09:11 GMT
by Kenneth Fisher
The Australian dollar is in negative territory today. AUD/USD is trading at 0.6706, down 0.30% on the day.
RBA says rates to increase
The RBA minutes of the September 6th meeting didn't shed any new light on the central bank's rate policy, and the Australian dollar's response has been muted.
20-09-2022 04:44 GMT
by Kenneth Fisher
The Australian dollar has started the week with considerable losses. In the North American session, AUD/USD is trading at 0.6694, down 0.40%.
Will minutes shed light on RBA's plans?
It's a light calendar this week for Australian releases.
19-09-2022 12:25 GMT
by Kenneth Fisher
The Swiss franc has started the week in negative territory. In the North American session, USD/CHF is trading at 0.9674, up o.31%.
Swiss National Bank to continue tightening
The Times They Are a Changin.
This is nowhere more apparent than in Switzerland, where the SNB is poised to end the negative rate era on Thursday.
19-09-2022 10:14 GMT
by Kenneth Fisher
The Japanese yen is trading lower today. In the North American session, USD/JPY is trading at 143.52, up 0.44%.
19-09-2022 09:12 GMT
by Kenneth Fisher
The British pound has started the week in negative territory after posting a losing week. GBP/USD is trading at 1.1374, down 0.31% on the day.
19-09-2022 05:22 GMT
by Kenneth Fisher
US stocks were dealt another blow after FedEx warned that the economy was about to enter a ‘worldwide recession.’ Wall Street was already nervous that the Fed’s inflation fighting mission was going to trigger a recession, but now it seems corporate America is already showing signs that the economy is slowing.
FedEx
FedEx shares plunged the most in forty years after they had withdrawn their guidance. A weakening economy and rising competition from Amazon complicate how FedEx will perform this
16-09-2022 14:46 GMT
by Edward Moya
The New Zealand dollar remains under pressure, as NZD/USD is having a dreadful week, down 2.47%. In the North American session, NZD/USD is trading at 0.5950, down 0.27%.
NZ Manufacturing PMI surprises to the upside
It has been a solid week for New Zealand data, but that hasn't helped the New Zealand dollar, which has fallen to its lowest level since May 2020.
16-09-2022 09:28 GMT
by Kenneth Fisher
The British pound continues to lose ground after a brutal retail sales report. The pound dropped as low as 1.1350 earlier today, its lowest level since March 2020.
16-09-2022 04:13 GMT
by Kenneth Fisher
After some mid-week volatility, USD/JPY has settled down. In the European session, the yen is trading quietly at 143.59.
Markets eye BoJ meeting
For anyone following the Japanese yen, next week promises to be interesting, at the very least.
16-09-2022 03:13 GMT
by Kenneth Fisher
OANDA Senior Market Analyst Craig Erlam discusses the latest moves in USDJPY amid intervention warnings and what it could mean going forward.
15-09-2022 17:33 GMT
by Craig Erlam
The British pound is in negative territory today and has fallen below the 1.15 line. In the North American session, GBP/USD is trading at 1.1497, down 0.38%.
US retail sales, jobless claims beat forecast
US retail sales rose 0.3% MoM in August, rebounding from -0.4% in July.
15-09-2022 15:10 GMT
by Kenneth Fisher
New Zealand GDP surprises on the upside
New Zealand posted a stronger-than-expected GDP report for Q2. The economy climbed 1.7%, reversing the 0.2% decline in the first quarter.
15-09-2022 10:26 GMT
by Kenneth Fisher
The Australian dollar is showing little movement today after the solid Australian employment report.
Australian employment rebounds
The Australian labour market remains resilient, as indicated by a solid August employment report. The increase in employment of 33.5 thousand was very close to the consensus of 35 thousand, with the gain of 58.8 thousand full-time jobs especially impressive.
15-09-2022 05:46 GMT
by Kenneth Fisher