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The forex market was relatively subdued during Asian session, with one clear exception: Japanese Yen continues to outperform. Fresh data from Japan showed a 2.7% yoy increase in household spending, not only marking the first rise in five months, but also the fastest pace since August 2022. Paired with this week’s solid wage growth figures, […]

The post Yen Rises Further as IMF Backs Gradual BoJ Tightening; Dollar Awaits NFP Impact appeared first on Action Forex.

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21/02/2025

Yen Rally Pauses as BoJ Signals Bond Market Intervention, Dollar Soft

Yen volatility remains a key theme in Asian session today. Stronger-than-expected Japanese inflation data provided further justification for BoJ’s ongoing policy normalization, reinforcing speculation that the central bank may hike rates sooner than previously anticipated. However, Yen’s rally lost momentum after Japan’s 10-year JGB yield pulled back sharply. This dip in yield came after BoJ […]
Market Sentiment Stabilizes, Attention on BoC Decision and US ADP Job
06/12/2023

Market Sentiment Stabilizes, Attention on BoC Decision and US ADP Job

Global market sentiment shows signs of stabilization in Asia today, marked by gains in major indices like Nikkei Hong Kong’s HSI. This shift indicates that the markets have largely absorbed the impact of Moody’s downgrade of China’s rating outlook, redirecting attention towards economic data and central bank policies. The spotlight is now on BoC’s interest […]
Dollar Firm Ahead of ISM Manufacturing; Swiss GDP and CPI Also in Spotlight
03/09/2024

Dollar Firm Ahead of ISM Manufacturing; Swiss GDP and CPI Also in Spotlight

Dollar is trading with a slightly firm tone this week, though overall forex market activity has been relatively subdued. It’s worth noting that last month’s sharp selloff in US stocks was actually started with disappointing ISM manufacturing data, which was then exacerbated by the non-farm payrolls report. Given this backdrop, today’s release could trigger volatility […]