[USD/JPY] Ominous Verbal Intervention
In the early morning Tokyo market, the USD/JPY pair started around 155.24 and rose to 156.13, driven by strong dollar buying. Despite this increase, there was no verbal intervention from …
[XAU/USD] Weekend Adjustment
Yesterday, as dollar buying continued, gold remained heavy and struggled to rise. When the European market opened and dollar buying intensified, gold dropped to around 2536. However, in the New …
[AUD/JPY] Yen Carry Trade
Since October began, the AUD/JPY exchange rate has continued to move within a narrow range. The Reserve Bank of Australia (RBA) is the only major central bank that has kept …
[USD/JPY] Quiet at 155 Yen
Yesterday in the Tokyo market, despite a major drop in the Nikkei stock index, the USD/JPY pair broke above the immediate resistance level of 155 yen. No warnings or comments …
[XAU/USD] U.S. CPI Rises as Expected
Ahead of the U.S. CPI announcement, gold prices rose to around 2620 as buyers adjusted positions. The U.S. October CPI rose as expected, from 2.4% to 2.6% compared to the …
[EUR/USD] German ZEW and Political Instability
Yesterday, as U.S. long-term interest rates rose, there was a strong push to sell the euro. Concerns about the eurozone grew as the German coalition government collapsed, and Germany’s November …
[USD/JPY] 155 Yen Intervention Watch
Concerns about rising U.S. inflation pushed up U.S. long-term interest rates by about 0.1%, leading to a broad dollar increase. In the Tokyo market, the dollar-yen rate initially dropped to …
[XAU/USD] Rising U.S. Long-term Interest Rates and Strong Dollar
In the European market yesterday, when U.S. long-term interest rates fell, the dollar weakened across the board, which led to increased gold selling. As the price dropped below the previous …
[EUR/USD] German Political Uncertainty and Trump Administration
On Monday, in the European market, dollar buying led to a drop in the euro. With fewer participants in the NY market due to Veterans Day, selling continued, pushing the …
[USD/JPY] Dollar Rises, Yen Falls
On Monday, in the Tokyo market, the USD/JPY rate increased as dollar buying led the way. This was partly because the Nikkei average went up and Japan’s September trade deficit …