Monthly Archives: July 2024
41654156156Yen Weakens Further On BoJ Policy Uncertainty
Written on July 2, 2024 at 2:15 am, by jonywang
Fundamental Analysis * BoJ Fog: The Japanese Yen has continued to plunge against the dollar following ongoing uncertainty over the Bank of Japan’s policy outlook. Recent BoJ policy minutes revealed that officials are in favor of further policy tightening, as the weak Yen is contributing to rising inflationary pressures. This depreciation has made Japanese exportsContinue Reading
Euro Jumps After Legislative Vote Held
Written on July 1, 2024 at 5:45 am, by jonywang
Market Summary The dollar’s recent strength was tempered by last Friday’s Personal Consumption Expenditures (PCE) reading, which aligned with market expectations. The mixed results of recent U.S. economic indicators have cast uncertainty over the Federal Reserve’s upcoming monetary policy moves, although part of the market remains optimistic about an October rate cut. The euro surgedContinue Reading
EUR/USD Surge Amid Rising Fed Rate Cut Expectation
Written on July 1, 2024 at 2:19 am, by jonywang
Fundamental Analysis * Dovish Delight: The Euro has maintained its upward trend against the US Dollar for the third consecutive day. This movement is fueled by speculation that the US Federal Reserve may cut interest rates in 2024, weakening the US Dollar and supporting the EUR/USD pair. On Friday, the US Bureau of Economic AnalysisContinue Reading
