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Yen Rally Takes a Breather, Dollar and Canadian Await Data

The markets become rather directionless again in Asian session. Yen is paring some gains as the boost from BoJ faded. Swiss Franc, Aussie and Kiwi are on the weaker side too. On the other hand, Canadian and US Dollar are the stronger ones for the day. Both are awaiting...

Yen Maintains Post-BoJ Gains, Dollar Ready for a Bounce?

Yen remains the biggest winner of the day, and maintains most gains in early US session. It remains to be seen how long the impact of BoJ's tweak of the yield curve control would last. But any, Yen is enjoying the ride for now. Australian and New Zealand Dollar...

Yen and JGB Yield Surge on BoJ Pivot Surprise

Yen rises strongly in Asian session after BoJ's surprise announcement of raising 10-year yield cap to 0.50%. Dollar is following closely as second, and then Swiss Franc, on risk aversion. For the same reason, Australian, and New Zealand Dollar are sold off as weakens, followed by Sterling. Canadian and...

Risk Sentiment Steady, Yen Range Bound ahead of BoJ

Overall risk sentiment is steady in the financial markets today. Aussie and Canadian Dollars are firming up slightly, while Dollar and Yen soften. The upcoming BoJ rate decision in Asia is unlikely to give Yen any special support. Euro was lifted briefly by better than expected Germany data, but...

Yen Rises on BoJ Rumor, Overall Markets Mixed

Yen rises broadly in Asian session on rumors that the Japanese government is considering to revive the joint statement with BoJ, which would loosen up the languages on the 2% inflation target, and set the stage for a policy change next year. Yet, any changes is likely only after...

U-turn in Risk Sentiment Following Hawkish Fed and ECB

Risk sentiment took a U-turn last week after more hawkish than expected FOMC projections and, more important, ECB forward guidance. Euro ended as the biggest winner for the week, trained by Swiss Franc, and the Dollar. Australian Dollar was the worst performer, followed by Sterling, and then Kiwi. Canadian...

Sterling Down after Weak Data, Euro and Swiss Franc Strong

Sterling is staying as one of the weakest for the week, after being sold off on weak economic data. The pressure is particularly apparent against Euro and Swiss Franc, which are the strongest ones for the week. While the financial markets are clearly in risk-off mode, Dollar is struggling...

Euro Staying as Strongest, Aussie and Kiwi Weak

Euro is now the strongest one for the week, following the post-ECB rally overnight. Swiss Franc is trailing the common currency as the next strongest, and then Canadian. Dollar tried to rebound overnight on risk-off sentiment. Some progress is made by the greenback but more is needed to prove...

Euro Jumps after Hawkish ECB Hike, Dollar Rebounds on Risk-Off Sentiment

Dollar rebounds broadly following risk-off sentiment as delayed reaction to Fed's hawkish projections overnight. SNB, BoE and ECB met expectations with 50bps rate hike. Euro is strong as ECB maintains hawkish bias, with upward revision in inflation projections. Swiss Franc is the third strongest after SNB indicates the possibility...

Muted Reactions to Hawkish Fed; SNB, BoE and ECB Next

Market reactions to the more hawkish than expected Fed projections were relatively muted. Stocks ended just slightly down while there was no buying momentum for Dollar. The greenback is staying as the worst performer for the week, followed by commodity currencies. Euro is leading Sterling and Swiss Franc as...

Dollar Soft ahead of Fed, Yen Rising

Dollar stays generally weak today but selling pressure is so far limited. Markets are looking forward to FOMC's rate hike as well as new economic projections. Yen is currently the strongest one for the day, followed by Aussie and Swiss Franc. New Zealand Dollar is the weakest, followed by...

Dollar Stabilizing after Selloff, FOMC Awaited

Dollar is recovering slightly today as focus turns to FOMC rate decision and, more importantly, new economic projections. While the greenback was sold off overnight following consumer inflation data, traders are still holding the larger bets for now. As for the week, Euro and Sterling are the strongest ones...

Dollar Hammered as CPI Cooled More Than Expected

Dollar falls sharply together with treasury yield after US data showed consumer inflation cooled more than expected. Stock futures also jump as reaction. Australian and New Zealand Dollar appear to be leading the way up, followed by Yen and then European majors. The question now is on whether current...

Yen Weakens in Otherwise Ranging Markets, Traders Stay Cautious

Yen is so far the clearly weaker one in otherwise ranging markets. Rebound in US stocks and treasury yield overnight was a factor in Yen's selling. But after all, there is no follow through weakness for now. Traders are generally still cautious ahead of the four central bank meetings...

Euro Rises Against Yen and Commodity Currencies

Euro is trading as the strongest one today so far, followed by Sterling, Swiss Franc and Dollar. All four currencies are going to have respective central bank meetings this week, and all are expected to hike by 50bps. Australian Dollar is leading commodity currencies and Yen lower. News flow...

Dollar Rises Slightly as Markets Turn Cautious; Fed, ECB, BoE and SNB to Hike

Dollar rises mildly in Asian session as investors turned cautious. Euro is also firmer but Sterling is on the softer side together with Aussie and Kiwi. Market focus are on the four central bank meetings this week, and lots of important indicators. Among them, Fed's new economic projections and...

CAD Down, AUD Resilient, USD Lackluster

Trading in the markets was rather subdued last week. Canadian Dollar was an exception, as it was pressured by falling oil price and a dovish BoC hike. The Loonie just closed marginally higher against Yen, which was also soft. On the other hand, Swiss Franc was the best performer,...

Dollar Holding On in Subdued Trading

Dollar is trying to recover in early US session, with help from 10-year yield which reclaims 3.5% handle. Yet again there is now clear follow through buying. News flow is slow today, without much surprise from US PPI data. As Fed is already in a blackout period, there is...

Dollar Extending Decline, Ready for Downside Breakout?

Dollar is again under some selling pressure in Asian session and looks set to resume recent decline against European majors. Yet, with trading subdued, it's doubtful whether selloff in the greenback would sustain. Traders would more likely hold off large bets until next week's FOMC rate decision and economic...

Aussie Rebounds With Rally in Copper, Dollar Turns South

Australia Dollar leads commodity currencies higher, in otherwise still very quiet markets today. Prospect of further easing of restrictions is probably giving some industrial metals and oil prices a lift. But the positive sentiment is not much reflected in the global stock markets. Dollar is back under selling pressure,...