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Forex News

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After Intervention, USD/JPY Rises Again

May 7 2024    
Given the significant interest rate gap between Japan and the United States, the yen remains a favored currency for carry trades.

AUD/USD Unable to Reach 0.6650 Due to This Event

May 7 2024    
The Reserve Bank of Australia acknowledges greater challenges in reducing inflation but refrains from further interest rate hikes.

Dollar Dips on Disappointing Nonfarm Payroll, Supported by Price Data

May 3 2024    
Today's release of a range of US economic data caused the US dollar to fluctuate sharply.

USD/JPY Drifts Lower as Japan Suspected of Further Intervention

May 2 2024    
Japan is believed to have injected over 50 billion USD to support the yen exchange rate through multiple rounds of intervention.

Powell: Fed Won't Raise Interest Rates Despite High Inflation

May 2 2024    
Federal Reserve Chair Jerome Powell dismissed the possibility of a rate hike but also refrained from indicating a clear path for a rate cut. Consequently, the US dollar weakened.

Eurozone Inflation Supports June Rate Cut

Apr 30 2024    
Despite stronger economic growth and inflation in the Eurozone, the prospect of an ECB rate cut in June remains on the table.

Japan Injects $35 Billion to Boost Yen

Apr 30 2024    
Following suspected government intervention from Japan, the bullish trend in USD/JPY appears to have temporarily paused, awaiting the next catalyst.

Yen Surges 500 Pips, Japan Suspected of Currency Intervention

Apr 29 2024    
USD/JPY reached its daily high at 160.23 and then plummeted to 155.04 within about 4-5 hours.

PCE Inflation Strong, US Dollar Rises

Apr 26 2024    
The PCE report confirmed stronger-than-expected inflationary pressures in the US, boosting the US dollar ahead of next week's FOMC meeting.

Japan Stays Calm as USD/JPY Hits Another Multi-Decade Record

Apr 26 2024    
The Bank of Japan's policy meeting outcome has left many disappointed, leading to renewed selling of the yen.