Logo-color Logo-white

Japanese Yen weakened notably in early US session, reacting to rising US Treasury yields, which were boosted by stronger-than-expected US ADP job data. Adding to Yen’s decline, Japan’s new Prime Minister, Shigeru Ishiba, who was initially perceived as a monetary hawk, has softened his stance on interest rate hikes. After meeting with BoJ Governor Kazuo […]

The post Yen Weakens as Ishiba Softens Rate Hike Stance, US Yields Rise appeared first on Action Forex.

previous

Diverging Global Markets as US Caution Rises, HK Surges, and Oil Prices Jump

next

Dollar Advances with ISM Services Data Looming, Swiss CPI on Watch

Read More

BoE’s Three-Way Split Vote Muddles Sterling’s Path, Yen Strength Continues
01/02/2024

BoE’s Three-Way Split Vote Muddles Sterling’s Path, Yen Strength Continues

Sterling is currently trading with indecisiveness following BoE’s rate decision, which has provoked mixed reactions in the markets. The decision, notable for its combination of hawkish and dovish signals, resulted in a rare three-way voting split—the first occurrence since 2008—with two members favoring a rate hike, one a cut, and the rest opting for no […]
Risk-On Sentiment Prevails in US, Mixed Trends in Asia, Sterling Eyes UK CPI
20/12/2023

Risk-On Sentiment Prevails in US, Mixed Trends in Asia, Sterling Eyes UK CPI

Robust risk-on sentiment was seen in the US markets overnight, with DOW extending its record-breaking run. S&P 500 is also approaching its historical peak, now just 50 points shy, and appears poised to challenge this high. The bullish momentum is underpinned by messages from Fed officials, suggesting that while an immediate rate cut is not […]
Sentiment Stabilizes after FOMC, Yen Jumps Again on Alleged Strategic Intervention
02/05/2024

Sentiment Stabilizes after FOMC, Yen Jumps Again on Alleged Strategic Intervention

Markets sentiment in the US stabilized overnight, responding positively to Fed Chair Jerome Powell’s less hawkish-than-anticipated remarks in the post-FOMC press conference. DOW closed slightly up, while S&P 500 and NASDAQ saw mild losses only. Treasury yields and Dollar both fell in response to these developments. Key takeaways from Powell’s address include a clear stance […]