US Dollar Finishing Week Softly but Within Consolidative Ranges north The US dollar is softer against all the G10 currencies, but the general consolidation seen this week continues. Japanese officials continued their verbal intervention, and with the US holiday on Monday, the risk of material intervention is seen as greater, and some yen shorts have covered. [...]
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The Dollar is Firm but Consolidating north The consolidation phase in the dollar continues today. Relatively narrow ranges are prevailing, including with the Japanese yen, where the threat of intervention has helped steady the exchange rate. The Bank of Japan meets next week, and although reports suggest that it will take the [...]
JPY Slumps north The US dollar is mostly confined to narrow ranges against most of the G10 currencies today, ahead of the US CPI report and US corporate earnings. The yen is a notable exception. The dollar reached through JPY159.00 and has barely backed off. The ostensible catalyst is the heightened [...]