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Yen rockets on reports of official intervention to shore up currency
business26 days ago

Yen rockets on reports of official intervention to shore up currency

Japan’s yen jumped as much as 3% after reports that authorities carried out official intervention on April 30 to shore up the currency—the first such move since 2024; the Nikkei cited a government source saying officials bought yen and sold dollars with the BoJ, while Finance Minister Katayama signaled decisive action was near and currency diplomat Mimura warned moves were increasing. The dollar weakened to about 156.7 yen, the biggest one-day drop since December 2022, with the MOF saying action could come on all fronts.

via CNBC|
#business#dollar#forex
Dollar slips as tariffs ruling sparks policy jitters amid Middle East tensions
markets3 months ago

Dollar slips as tariffs ruling sparks policy jitters amid Middle East tensions

The dollar eased after the U.S. Supreme Court ruled that Trump overstepped his authority on sweeping tariffs, fueling policy uncertainty and potential litigation over duties, while euro and yen firmed modestly; analysts say the initial market moves are likely knee-jerk, with replacement tariff plans still unclear and geopolitical tensions in the Middle East adding to risk.

via Reuters|
#currencies#forex#geopolitics
USD/JPY Faces Double-Bottom Risk Near 152 Amid Election-Driven Moves
business3 months ago

USD/JPY Faces Double-Bottom Risk Near 152 Amid Election-Driven Moves

USD/JPY slid from around 159 to 152 after Japan’s election, fueling talk of a potential double-bottom near 152. A break below 152 could spark further downside, while 160 remains a key resistance with potential MOF intervention or jawboning. The weekly chart shows consolidation ahead of a possible test of 160, so traders should wait for a decisive breakout rather than chase moves.

via investingLive|
#business#election#forex
Yen Strength Fuels Volatility in Week Ahead Forex Forecast
forex3 months ago

Yen Strength Fuels Volatility in Week Ahead Forex Forecast

Yen strength from Japan’s election and expectations of BoJ rate hikes dominates the week, boosting Yen crosses while the US dollar stays softer. Watch for potential long entries against the Yen around support at 152.14 and 151.61. The S&P 500 appears poised to extend gains above 7,025, Bitcoin shows a tentative reversal after a multi‑month drop but remains high-risk, and Gold is consolidating after a sharp slide and not yet a long setup until it makes a sustained multi‑month high close. Favored trades: long the S&P 500 on a daily close above 7,025 and long any Yen cross except CHF/JPY.

via DailyForex|
#bitcoin#forex#gold
Dollar Dips as Risk Appetite Rises and Treasuries Concerns Surface
markets3 months ago

Dollar Dips as Risk Appetite Rises and Treasuries Concerns Surface

The dollar softens at the start of European trading as risk-on sentiment boosts overseas assets and a rally in US tech and Japan’s market backdrop supports risk assets; meanwhile, Chinese regulators warn against concentration risk in Treasuries. Traders await the January U.S. payrolls (NFP) data and CPI, which could reprice the Fed path. EUR steadies on potential European reform gains, while GBP remains pressured by UK political developments; in CEE, markets stay in ranges ahead of inflation and GDP data.

via ING THINK economic and financial analysis | ING THINK|
#dollar#europe#forex
Greenback Free-Falls as Short Bets Balloon Ahead of Payrolls
business3 months ago

Greenback Free-Falls as Short Bets Balloon Ahead of Payrolls

The dollar weakened broadly as IMM data showed speculative short positioning jumping to $16.82B ahead of an unusual Wednesday payrolls release and potential downward revisions to 2025 job data; EUR/USD rose and USD/JPY fell, with a China report urging banks to curb US Treasuries exposure failing to drive yields much higher, suggesting the move could fade as markets refocus on fundamentals.

via investingLive|
#business#forex#payrolls
Dollar slides as U.S. role shifts on the world stage
economy3 months ago

Dollar slides as U.S. role shifts on the world stage

The U.S. dollar has fallen for about a year, with the dollar index down roughly 3.2% since Jan 16 and 10.4% from Inauguration Day, as markets weigh fiscal deficits, expected rate cuts, and signals of a retrenchment in U.S. global leadership under Trump. Meanwhile equities ride on growth and AI, while safe-haven assets such as gold and the Swiss franc rally, signaling a shift in currency dynamics even as Treasury officials stress a strong-dollar policy.

via Axios|
#currency#dollar#economy
Dollar sinks to four-year low as Trump brushes off concerns, gold and havens rally
business3 months ago

Dollar sinks to four-year low as Trump brushes off concerns, gold and havens rally

US dollar tumbles to a four-year low after President Trump downplayed worries about the currency’s slide, prompting a move into safe-haven assets like gold and the Swiss franc. The greenback fell about 1.3% on the day and extended a four-day decline, with the euro rising to roughly $1.20 and gold topping $5,200 an ounce. Analysts warn a weaker dollar can help multinational revenues but raises import costs and potential inflation, while markets await the Federal Reserve’s upcoming decision as Trump pressures for rate cuts and Powell’s leadership comes under scrutiny with his term ending in May.

via The Guardian|
#business#dollar#forex
Trump’s Dismissive View of the Dollar Triggers a Sharp U.S. Currency Slide
business3 months ago

Trump’s Dismissive View of the Dollar Triggers a Sharp U.S. Currency Slide

Trump’s remark that he isn’t concerned about the dollar’s decline coincided with a sharp drop in the ICE U.S. Dollar Index, extending a three‑day slide to as much as 1.5% and leaving the dollar at its weakest since early 2022; analysts say a weaker dollar could raise import prices and inflation while potentially boosting U.S. exporters.

via NBC News|
#business#currency-markets#dollar
Policy Chaos Drags the Dollar Lower in 2026, Brooks Says
business4 months ago

Policy Chaos Drags the Dollar Lower in 2026, Brooks Says

Robin J Brooks argues that 2026 will see renewed dollar weakness as markets finally price in policy chaos—from Greenland tensions and tariff clashes to attacks on the Fed—despite strong foreign inflows into US assets. He highlights a recent sharp dollar drop coinciding with a fall in the 2y2y forward rate differential, and notes that hedging flows, not outright selling, may keep USD under pressure even with buoyant asset demand.

via Robin J Brooks | Substack|
#business#dollar#forex