Dollar Hits Two-Week High Against Yen as Trade Talks, Fed Meeting Loom
9 Articles
9 Articles
Dollar hits two-week high against yen as trade talks, Fed meeting loom
The US dollar is gaining against the yen as global trade talks and central bank meetings begin. President Trump meets Japan's Prime Minister and China's President this week. The US Federal Reserve is expected to cut interest rates. Markets will focus on the Fed Chair's comments. Japan's central bank may consider rate hikes.
Trade Headlines, Fed Expectations Support Risk Taking
So, despite the uncomfortably high absolute figures, the fact that they came in softer than expected reinforced expectations for a 25bp Federal Reserve (Fed) rate cut this week, with markets also assigning roughly a 93% probability to another cut in December. As such, the US dollar and 2-year Treasury yield came under pressure on Friday but are both firmer this morning amid renewed risk appetite and optimism that the US and China are inching clo…
Japanese Yen Forecast: BoJ Decision and Fed Rate Cut to Drive USD/JPY
This week, the Bank of Japan will take center stage, with economists widely expecting policymakers to keep interest rates at 0.5%. Forward guidance will be pivotal, given recent economic data and Takaichi’s election win. Although the BoJ interest rate decision, forward guidance, and GDP and inflation forecasts will influence USD/JPY trends, traders should closely monitor upcoming economic data releases. Japanese Consumer Confidence in Focus On W…
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