Fed Hike Bets Retreat After Payrolls Miss, Yen Supported by Tokyo’s New Playbook
The June non farm payrolls report did not prove the US economy is breaking. It did something more important for markets: it showed the...
USD/JPY’s 150 Pips Fall: A Tactical “Intervention” Masterclass by Japan Ahead of NFP
Japan may not have spent a dollar today, but it may have achieved one of the key goals of intervention anyway. USD/JPY plunged from...
EUR/GBP Accelerates Through Key Support as ECB/BoE Yield Convergence Trade Reverses
EUR/GBP may have passed a turning point that extends well beyond this week's inflation data. The sharp break below key technical support reflects more...
Euro Stumbles as Cooling Inflation Shifts Focus From ECB Hikes to Future Rate Cuts
The Euro weakened broadly after June inflation data came in softer than expected, reinforcing the view that the European Central Bank has won an...
