Monthly Archives: February 2025
41654156156Yen Strengthens Amid Heighten Uncertainties in the Market
Written on February 6, 2025 at 5:20 am, by pumarketings
Market Summary The Japanese yen has emerged as a top performer against the U.S. dollar, capitalizing on the greenback’s recent struggles amid heightened uncertainty. The yen has reached its strongest level in three months against major currencies, particularly after the Bank of Japan raised interest rates last week. Meanwhile, despite a temporary boost from stronger-than-expectedContinue Reading
GBP/JPY Slips On Increasing BoJ Rate Hike Bet
Written on February 6, 2025 at 2:09 am, by pumarketings
Fundamental Analysis * Hawkish Lift: GBP/JPY continues its downward trend as the Japanese Yen remains buoyed by expectations of a Bank of Japan (BoJ) rate hike. On the data front, preliminary government figures released on Wednesday showed that inflation-adjusted real wages in Japan increased by 0.6% year-over-year in December. Additionally, the previous month’s reading wasContinue Reading
President Trump Intervenes Israel-Gaza Geopolitical Issue
Written on February 5, 2025 at 5:34 am, by pumarketings
Market Summary The market remains fixated on Donald Trump’s impending policies, which could significantly sway sentiment across multiple asset classes, including the U.S. dollar and equities. The greenback, already pressured by the delay in tariffs on Mexico and Canada, faced further headwinds after the JOLTs Job Openings report missed market expectations. Despite this setback, tradersContinue Reading
