Dollar drops back as EUR/USD and GBP/USD lift towards session highs
The earlier gains for the US dollar have all now gone, except versus the Yen. The pound and the Euro have continued to rise from earlier lows. The...
The important US number on the radar for the USD/JPY later today
The USD/JPY has now lifted from an earlier session low at 146.68. It is just now rising back above the 147 handle once more and this is clearly linked...
Brent lifts above $79 again on Kremlin comments
A short while ago some comments from the Kremlin on the oil markets emerged on the newswires. Oil prices were already rebounding ahead of these...
Early tomorrow the Bank of Japan (BOJ) is due to decide on its monetary policy. The announcement is due out sometime around 12am GMT. As that is at a time when many of us will be asleep, we might be greeted with a shift in the USD/JPY by the time we awake. That said, not many analysts expect any kind of change from the BOJ tomorrow. It is possible they might look to tweak their yield curve control again, but that is not the expected outcome. However, we do know the BOJ is under pressure from a number of Japanese politicians, over the weakness of the Yen and they might bow to that, but it would seem unlikely yet. Meantime, the heat has just now come out of the USD/JPY. It has just now fallen back very close to 148, from an earlier high (and new 2023 high too) at 148.46. This drop has taken many of the major Yen crosses lower with it and perhaps most notably right now the GBP/JPY is leading that. The USD/JPY is just now at 148.01