Tag Archive: USD/JPY

FX Weekly Review, September 12 – 16: U.S. Dollar Resilience Despite Hawkish ECB and bad ISM

2016-09-17

The dollar was surprisingly strong this week. This despite a more hawkish ECB, bad U.S. economic data in the ISM surveys.

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FX Weekly Review, August 08 – August 12: Finally an Improvement of the CHF Index

2016-08-13

by George Dorgan

2016-08-13

The CHF index experienced its first good week since many weeks, when we compare it against the dollar index. On a three years interval, the Swiss Franc had a weak performance.

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FX Weekly Review, August 01 – August 05: Does the Jobs Report Give the Greenback Legs?

2016-08-07

by George Dorgan

2016-08-07

The robust US employment report before the weekend allowed the dollar to recoup the losses it experienced earlier in the week against most of the major currencies. The Australian dollar and Japanese yen managed to hold onto minor gains for the week.

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FX Weekly Review, July 25 – July 29: Dollar Hobbled; Technicals Warn of More Losses

2016-07-31

by George Dorgan

2016-07-31

The US dollar advance was stopped in its tracks by the disappointingly weak Q2 GDP figures. The 1.2% annualized growth rate was roughly half of the pace expected. The FOMC statement earlier in the week did not leave the impression that a September hike was likely, and with the poor growth numbers, the odds were downgraded further.

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FX Weekly Review, July 18 – July 22: Will the FOMC Halt the Dollar’s Advance?

2016-07-24

by George Dorgan

2016-07-24

The US dollar gained against all the major currencies over the past week. It also rose against many emerging market currencies. A notable exception was the Chinese yuan.

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FX Weekly Review, July 11 – July 15: It is not About the Dollar, but About Other Currencies

2016-07-16

by George Dorgan

2016-07-16

Our weekly review of currency movements, with focus on the Swiss franc. This week: The US dollar is easily the most traded currency, and despite the plethora of other currencies, it is on one side of nearly 90% of all trades. Yet the movement in the foreign exchange market presently is not so much driven by the dollar as it is by other currencies.

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FX Weekly Review, July 04 – July 08: Further SNB Interventions, Good Dollar Week

2016-07-10

by George Dorgan

2016-07-10

In the Brexit month, the Swiss franc index clearly underperformed the dollar index. The major reason is that the dollar is seen as a better safe-haven than the Swiss Franc, possibly because Swiss sales are affected more when British demand falls.

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FX Weekly Review: June 27 – July 01: Swiss Franc Strength Reversed

2016-07-02

by George Dorgan

2016-07-02

Week after Brexit.: The Swiss franc (-0.3%) and the yen (-0.5%) were the worst performers, as so-called safe haven buying was reversed. But the Swiss Franc index is still stronger in the last month than the dollar index.

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FX Weekly Review: June 20 – June 24: Dollar Appreciates with Brexit

2016-06-25

by George Dorgan

2016-06-25

The dramatic reaction to the UK decision to leave the European Union has changed the technical condition in the foreign exchange market. The EUR/CHF peaked shortly before the Brexit referendum, when traders were anticipating a yes. It found its trough when the No was published. Then the SNB intervened.

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FX Review Week till June 17: Jo Cox’s death supports Sterling, negative for CHF

2016-06-18

by George Dorgan

2016-06-18

Two main events that drove the foreign exchange market. The first iare some post-FOMC meeting movements and the assassination of Jo Cox, that might be positive for the Anti-Brexit camp . The EUR/CHF has fallen down to 1.0774 and recovered.

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Futures Ignore Apple Plunge; Oil Rises Above $45 As Yellen Looms

2016-04-27

by Tyler Durden

2016-04-27

For those who thought that the world's biggest company losing over $40 billion in market cap in an instant on disappointing Apple earnings, would have been sufficient to put a dent in US equity futures, we have some disappointing news: with just over...

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Bank Of America Reveals “The Next Big Trade”

2016-04-14

by Tyler Durden

2016-04-14

Markets have stopped focusing on what central banks are doing and are "positioning for what they believe central banks may or may not do," according to BofA's Athanasios Vamvakidis as he tells FX traders to "prepare to fight the central banks," as th...

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Futures Jump On Chinese Trade Data; Oil Declines; Global Stocks Turn Green For 2016

2016-04-13

by Tyler Durden

2016-04-13

With oil losing some of its euphoric oomph overnight, following the API report of a surge in US oil inventories, and a subsequent report that Iran's oil minister would skip the Doha OPEC meeting altogether, the global stock rally needed another catal...

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History of Bank of Japan Interventions

We show the history of Japanese FX interventions. The Japanese only intervened when the USD/JPY was under 80. Therefore the 2016 FX intervention threads at 108 are ridiculous. As opposed to the Swiss National Bank, the Japanese only talk, they do not fight.

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Another Fed “Policy Error”? Dollar And Yields Tumble, Stocks Slide, Gold Jumps

2016-03-17

by Tyler Durden

2016-03-17

Yesterday when summarizing the Fed's action we said that in its latest dovish announcement which has sent the USD to a five month low, the Fed clearly sided with China which desperately wants a weaker dollar to which it is pegged (reflected promptly ...

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