Sunset Market Commentary

The yen was last this weak against the US dollar in late April, leading to currency interventions as the Bank of Japan deemed a rate above the psychological mark of 160 yen per USD unacceptable. The current weakness of the yen has triggered the usual warnings from Japanese officials against “excessive” volatility, which can be […]

Markets Friday’s US payrolls solidified the Fed view that it can sit back and wait as the US economy is in a good place. Headline US job growth at 143k was slightly softer than expected (175k), but came with a cumulative upward revision (Nov and Dec) of 100k. The household survey also was strong. The […]

GBPUSD pares some gains after posting a 4-month peak But remains within its upward sloping channel Positive bias holds as momentum indicators are skewed to the upside GBPUSD had been forming a profound structure of higher highs following its break above a crucial descending trendline in early November. Although the pair’s rally has temporarily paused at the […]