BoJ Intervenes to Shore Up Yen

BoJ Intervenes to Shore Up Yen

Last week we saw a reversal of the dollar strength which saw once again market expectations of 2 or more rate cuts in 2024 back on the table. With disappointing job numbers and a less hawkish than expected Powel the dollar tumbled away its gains and stock markets were...
BoJ Intervenes to Shore Up Yen

Yen Collapse; FOMC in Focus

Last week we saw the expected de-escalation in the Iran – Israel war and a risk on rally ensued. The Yen had sharp sell off. Firstly, the BoJ kept rates unchanged, and a dovish tone then compounded  the fall closing the week through 158.   The dollar ended the...
BoJ Intervenes to Shore Up Yen

Inflationary Pressure Resurfaces

Last week the US Dollar remained in a tight range as other geopolitical news took the fore. Oil prices surged along with metals such as Copper reigniting inflationary warning signs which could leave central banks powerless to reduce rates in the coming months.  ...
BoJ Intervenes to Shore Up Yen

Quiet Markets with a Shorter Week

Last week the markets failed to break out in any direction. With the shorter week for Easter and lack of economic data we ended the week broadly where we started. Dollar tried to continue its trajectory higher but failed to show any real move by the end of the week US...
BoJ Intervenes to Shore Up Yen

BOJ Made Its Move

Last week the market was data heavy with several Central Banks making their decisions. The BOJ finally made its move and lifted rates from negative territory for the first time in years. The main headline of course was the Fed which although kept rates unchanged the...