Monthly Archives: May 2024
41654156156USD/JPY Sees Strongest Demand Amid Fading “Yentervention”
Written on May 14, 2024 at 2:13 am, by jonywang
Fundamental Analysis * Yentervention Fade: USD/JPY surged above the 156.00 mark, with markets digesting recent declines in the Japanese Yen (JPY) attributed to two presumed interventions by the Bank of Japan (BoJ) in late April and early May. The BoJ has not publicly acknowledged these interventions, opting not to confirm or deny involvement in globalContinue Reading
BoJ Trim Bond Buying Amid Weakening Yen
Written on May 13, 2024 at 5:18 am, by jonywang
Market Summary On Friday, the U.S. dollar remained stagnant after being affected by positive initial jobless claims data, which hinted at an easing job market and potential measures from the Fed to curb inflation. U.S. equity markets continued their upward trajectory in anticipation of a more accommodative monetary policy from the Fed in the nearContinue Reading
Oil Price Slips On Sluggish Fuel Demand
Written on May 13, 2024 at 1:57 am, by jonywang
Fundamental Analysis * Demand Doldrums: Oil prices extended its decline following indications of sluggish fuel demand, coupled with remarks from U.S. Federal Reserve officials that tempered expectations of interest rate reductions. This potential lack of rate cuts could impede economic growth and limit fuel demand in the world’s largest economy. Analysts predict that the FederalContinue Reading
