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Markets A fairly thin eco calendar and blackout-periods for major central bankers made this morning’s Japanese moves the main talking point. Comments by deputy governor Himino and governor Ueda suggest a sense of urgency within the BoJ to normalize policy rates before the window of opportunity closes. November Tokyo inflation figures suggest a faster return […]

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19/08/2024

Sunset Market Commentary

Markets Markets took a slow start to the new trading week which looks more enticing later on. In the absence of high profile headlines today, softer yields and a weaker dollar initially proved the to be the path of least resistance, even as the momentum of this trade eased as US traders joined. German/EMU yields […]
12/07/2024

USDCAD Trades Sideways as 200-SMA Provides Support

USDCAD is rangebound in the past few sessions The 200-day SMA caps the pair’s downside Momentum indicators are negatively tilted USDCAD had been hovering around its 50-day simple moving average (SMA) for the past two months, appearing incapable of clearing this hurdle. This repeated inability triggered a decisive break below the 50-day SMA on July 3, with […]
22/01/2024

USD/JPY: Yen Pauses in Anticipation of Bank of Japan’s Decision

In 2024, the yen has significantly depreciated against other currencies. The USD/JPY chart indicates that since the first trading day of January, the exchange rate has risen by more than 5%. However, since the 18th, there has been a lull, and it may be disrupted today or tomorrow due to the Bank of Japan’s meeting, […]