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  • Japanese Yen Slips Against US Dollar as Intervention Might be Tested. Where to for USD/JPY?

    Japanese Yen, USD/JPY, US Dollar, BOJ, Fed, YCC, Yields - Talking Points USD/JPY has resumed ascending in tandem with Treasury yields The Bank of Japan appear at loggerheads with themselves after intervention If monetary policies continue to diverge, will USD/JPY make new highs? The Japanese Yen is once again eyeing off the 145 handle to start the…

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  • Asia-Pacific Markets Face Risk-Off Move as US Dollar Batters Sentiment

    US DOLLAR, DXY, BOJ KURODA, JAPANESE YEN, CHINESE YUAN, TECHNICAL OUTLOOK – TALKING POINTS Asia-Pacific markets are under pressure after the US Dollar surged on Friday Bank of Japan Governor Kuroda to speak today as USD/JPY remains near 145 DXY Index aims for the May 2002 high after piercing trendline resistance Monday’s Asia-Pacific Outlook Asia-Pacific market sentiment may suffer…

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  • Dow On Edge of Bear Market, Recession Fears Rise, GBPUSD Tips Financial Stability Fears

    Dow, Dollar, EURUSD, USDJJPY, GBPUSD and Recession Talking Points:   The Market Perspective: USDJPY Bearish Below 141.50; Gold Bearish Below 1,680 After the FOMC rate decision was absorbed this past week, risk aversion began to build a head of steam that enveloped open-ended fundamental risks Market conditions are once again my top concern heading into the new trading week with liquidity…

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  • ADB head says FX intervention among tools for emerging Asia

    By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Capital controls and currency intervention are among tools emerging Asian policymakers can use if rapid U.S. interest rate hikes and a surging dollar risk triggering a debt crisis, Asian Development Bank President Masatsugu Asakawa said on Friday. With investment flows already volatile, Asian policymakers may also need…

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  • Canadian Dollar Forecast: USD/CAD, CAD/JPY, GBP/CAD

    CANADIAN DOLLAR TECHNICAL FORECAST: BEARISH It was a big week for USD/CAD with the pair jumping to a fresh two-year-high. CAD/JPY remains of interest. The fundamental backdrop points to bullishness in the pair with higher rates in Canada and continued low rates in Japan. But – there may be some changes on the horizon with Japanese policy regarding…

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  • Gold and Silver Technical Outlook: Is Trend Reversal Afoot in XAU/USD and XAG/USD?

    GOLD, XAU/USD, SILVER, XAG/USD - TECHNICAL OUTLOOK: Gold continues to flirt with key technical support. Silver has consolidated after a decent rally this month. What is the outlook and what are the key levels to watch for a change in trend? GOLD TECHNICAL FORECAST - BEARISH The lack of follow-through price action in spot gold after last…

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  • Grim PMIs knock euro, sterling to new lows as recession looms

    By Joice Alves LONDON (Reuters) - The euro and sterling slumped against the dollar on Friday after surveys showed the downturn in business activity across the euro zone and Britain deepened this month and the economies were likely entering a recession. The euro slipped 0.8% to $0.97510, its lowest level since October 2020, after S&P…

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  • Dollar Stabilizes at Elevated Levels; Yen Gains After Intervention

    By Peter Nurse Investing.com - The U.S. dollar edged higher in early European trading Friday, remaining in demand after the Federal Reserve’s hawkish stance, while the yen was buoyant after the intervention of Japanese authorities. At 02:50 ET (06:50 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, edged 0.1%…

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  • Explainer-Japan intervenes in the currency market, now what?

    By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) - Japan intervened in the currency market on Thursday to buy yen for the first time since 1998, in attempt to shore up the hard-hit currency after the Bank of Japan stuck with ultra-low rates. Below are details on how yen-buying intervention typically works as well as…

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  • Yen jumps after authorities intervene for first time since 1998

    By Kevin Buckland and Alun John TOKYO/LONDON (Reuters) - The Japanese yen rose sharply against the dollar on Thursday after authorities intervened in the foreign exchange market for the first time since 1998 to shore up the battered currency. The dollar fell over 1% to as low as 142.3 yen, having earlier traded more than…

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