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Yen Climbs to 2-Week High on Optimistic BoJ Summary

USD/JPY has posted losses in the Thursday session. Currently, the pair is trading at 116.50. On the release front, the BoJ released its Summary of Opinions. In the US, today’s highlight is unemployment claims, with the indicator expected to edge up to 277 thousand. The yen has climbed to 2-week highs on Thursday, courtesy of a […]

USD/JPY – Yen Dips Lower on Mixed Japanese Numbers

USD/JPY has posted slight gains in the Wednesday session, as the pair continues to have a quiet week. Currently, the pair is trading at 117.70. The markets are likely to remain listless for the remainder of the week, as many investors have closed books prior to the end of the year, resulting in thin liquidity […]

USD/JPY – Yen Quiet in Holiday Trade

USD/JPY is subdued on Friday, as the Japanese markets are closed in observance of the Emperor’s Birthday. In the US, the week wraps up with UoM Consumer Sentiment, with the markets expecting a strong improvement to 98.2 points. We’ll also get a look at New Home Sales, which is expected to dip to 575 thousand. There […]

USD/JPY Rises as Bank of Japan Holds

The Bank of Japan votes for no change by a majority of 7-2. USD/JPY rises 40 points. The BoJ has held fast as expected. (see below) *(JP) BOJ LEAVES INTEREST RATE ON EXCESS RESERVES (IOER) UNCHANGED AT -0.10%; AS EXPECTED Votes 7-2 to keep policy unchanged Keeps 10-yr JGB yield target at ~0% Will keep […]

Dollar Boosted by Yellen; Risk Aversion

Five things the markets are talking about Volatility across regional indices and major currency pairs remains seasonably compressed despite the geopolitical nerves in Europe. Sovereign debt saw a relatively strong bid over the last session on heightened geopolitical risk – a Russian ambassador was shot and killed by an off-duty policeman in Turkey in defiance […]

Dollar Bruised, but not Battered Just Yet

Five-things the markets are talking about The dollar and sovereign yields fell overnight while Asian shares printed a new monthly low as the market cashed in some of their recent bets on Trumponomics and the ‘reflation’ trade. This will be a light week on many fronts – liquidity and fundamentally. The Bank of Japan (BoJ) […]

Week Ahead Bank of Japan in the Spotlight

BOJ weighing next action after Fed rate hike The USD is higher across the board after the Fed finally announced its much awaited rate hike. The market had already priced in the 25 basis points rate hike to the Fed funds rate, but the hawkish tone of the FOMC statement, dot plot and Fed Chair […]

APAC: The USD Takes a Rest in Asia

After a quiet weekend on the news front, it looks like some USD profit taking has set in on USD longs as the holiday wind-down gets underway. I suspect Changi and Hong Kong Airports were busier over the weekend then Asia markets this morning, as the great Expat migration home for the holidays got underway. […]

Top trade idea for December 16th, 2016 – GBP/JPY

There have been some magnificent trend in the Yen pairs in recent weeks but this one has reached an interesting stage. GBP/JPY is at the 61.8% retracement level of the last major decline and that’s a level that can often halt a rally. It’s showing signs of possible divergence against the RSI.  If the daily […]

King Dollar

The markets continue to trade on the backdrop of the FOMC meeting.While the US dollar remains king of the hill, the USD and US Treasuries sold off the  ” yield” tops after the US core CPI for November came in a whiff lower than expected. But this was more a case of data inspired profit taking as […]

Top trade idea for December 15th, 2016 – EURJPY

Now that the Federal Reserve of the United States is behind us, we can move on with the end of year trading as the Fed delivered: a 25 basis points hike to 0.75%. The best thing to do in such volatile times is to avoid trading the US dollar and focus on crosses. That is, […]

Will the Fed Deliver a Wake-Up Call to Markets?

US futures are trading relatively flat ahead of the open on Wednesday, with traders opting for the cautious approach ahead of the final Federal Reserve decision of the year and a selection of economic releases. Traders have been very bullish in the lead up to the meeting which is expected to produce the first and […]

Fed Lift Off Starts Today – What Else Should We Expect?

Five things the markets are talking about Today’s Fed meeting is of critical importance, not only for what it says about any change in interest rates, but also for what it signals about the path ahead. U.S policy makers are expected to hike +25bps for the second time in a decade at 02:00pm EST, motivated […]

Spike in Crude Push U.S Yields Through Key Levels

Five things the markets are talking about On the calendar front this is a busy week in capital markets. The Fed is expected to increase fed funds for the first time in 12-months. On Wednesday, the FOMC will issue both its policy statement and quarterly forecasts while Janet Yellen will take questions that will bridge […]

Stormy Week ?

As we approach only the second  Fed rate hike in a decade,  Bond Traders took bond yields higher as not only do they view a Fed hike as  certain but continue to increase their bearish positions by sounding the inflation alarm bell as the UST 10 year rose to 2.48, the highest close since June […]

APAC Corner: ECB Trims, but Euro looks Flabby

Post-ECB, the Euro bounces along the bottom with trading in Asia muted today as we run into the weekend. EUR/USD The ECB may have trimmed and not tapered QE overnight, but the EUR/USD itself is still looking very flabby today trading not too far from its overnight lows in a very very quiet Asia session. […]

Tapering Wrapped in a Lovely Bow

Post Announcement Reaction The ECB announced today that it will begin tapering (or not as Draghi later claimed, just something that strongly resembles it) its asset purchases from April next year in a clear sign that it is reaching the limits of what it is willing to do under the bond buying program. It’s clear […]

What’s Next ?

The Forex markets are Market remain somewhat brittle as volumes continue to run light and liquidity has started to erode earlier than normal entering the final leg of 2016. AS has been the case most of the former trading quarter Traders are at the mercy to quick moves driven by headline risk and continue to […]

No Eurozone Implosion

Euro While the pre-referendum polls were on call, the results were even more assertive than expected. However, after falling to a low of 1.0506 in Asia yesterday, the euro has roared back, trading back at Nov 15 levels and touching just shy of the critical 1.08 levels. US yields moved lower overnight, while equity prices […]

NFP Hodge Podge

While US employment data disappointed the market, on the whole, it was a Hodge podge of sorts.  The Unemployment Rate came in at a stellar  4.6% vs. 4.9%; NFP was in at consensus but the key Average Hourly Earnings( AHE)  shocked by missing badly on the downside -0.1% month on month vs. 0.2% expected . […]

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