The financial markets are trading more on the risk-on side as the year-end is approaching. But reactions in the forex markets are relatively mild. Yen continues to be the worst performer for the week but selloff is somewhat slowing. Euro and Sterling are soft with Dollar. Commodity currencies are...
Yen's selloff continues today, so are the rallies in US and European benchmark treasury yields. While the cap on 10-year JGB yields was raised earlier this month, there is still a cap. On the other hand, market sentiments appeared to be boosted by relaxation of outbound travel in China....
Yen is under some persistent selling pressure since yesterday, following rebound in US benchmark yields. Aussie and Canadian Dollars are the stronger ones on commodity and oil prices, but Kiwi is lagging far behind. Euro is the stronger European majors while Sterling and Swiss Franc are on the softer...
Canadian Dollar is taking a pole position in quiet markets today. Overall picture is mixed, as other commodity currencies of Aussie and Kiwi are both losing some momentum. Dollar is turning slightly stronger, except versus Loonie. Sterling faced some selloff in early part of European session, but Euro is...
Yen and Dollar are trading mildly lower in quiet trading in Asia, which is not totally back from holiday yet. Australian Dollar is the stronger one, followed by other commodity currencies and Sterling. On the other hand, Euro and Swiss Franc are on the softer side. Market activity will...
Range trading continues in overall quiet markets today. The batch of economic data from the US and Canada trigger little reactions. Yen is still set to end as the strongest one for the week, followed by Canadian and then Swiss Franc. Kiwi is the worst, followed by Sterling and...
Trading is rather subdued in pre-holiday markets today. Yen was softer in Asian session but remains the strongest one for the week, maintaining most of post-BoJ gains. There was little reaction to CPI data from Japan. Canadian Dollar is the second strongest followed by Swiss France. On the other...
Dollar is trying to strike back as traders are likely starting to light up their positions ahead of holidays. But for now, Yen and Euro are so far the more resilient ones. Sterling is sold off broadly earlier today but it's not worse the Kiwi. Aussie is also quickly...
Australian Dollar rebounds broadly today, as risk-on sentiment continues in Asian session. For now, Yen is still supported solidly by BoJ's action earlier in the week, even though 10-year JGB yield dips back towards 0.4% level. However, Dollar and Swiss Franc are turning softer together with Loonie. Meanwhile, Euro...
The markets appear to be back in risk-on mode as seen in major European indexes and US futures. Aussie is recovering notably, followed by Swiss Franc. But New Zealand Dollar is the weakest for the day, followed by Sterling and then Yen. Dollar and Euro are mixed. As for...
The markets become rather directionless again in Asian session. Yen is paring some gains as the boost from BoJ faded. Swiss Franc, Aussie and Kiwi are on the weaker side too. On the other hand, Canadian and US Dollar are the stronger ones for the day. Both are awaiting...
Yen remains the biggest winner of the day, and maintains most gains in early US session. It remains to be seen how long the impact of BoJ's tweak of the yield curve control would last. But any, Yen is enjoying the ride for now. Australian and New Zealand Dollar...
Yen rises strongly in Asian session after BoJ's surprise announcement of raising 10-year yield cap to 0.50%. Dollar is following closely as second, and then Swiss Franc, on risk aversion. For the same reason, Australian, and New Zealand Dollar are sold off as weakens, followed by Sterling. Canadian and...
Overall risk sentiment is steady in the financial markets today. Aussie and Canadian Dollars are firming up slightly, while Dollar and Yen soften. The upcoming BoJ rate decision in Asia is unlikely to give Yen any special support. Euro was lifted briefly by better than expected Germany data, but...
Yen rises broadly in Asian session on rumors that the Japanese government is considering to revive the joint statement with BoJ, which would loosen up the languages on the 2% inflation target, and set the stage for a policy change next year. Yet, any changes is likely only after...
Risk sentiment took a U-turn last week after more hawkish than expected FOMC projections and, more important, ECB forward guidance. Euro ended as the biggest winner for the week, trained by Swiss Franc, and the Dollar. Australian Dollar was the worst performer, followed by Sterling, and then Kiwi. Canadian...
Sterling is staying as one of the weakest for the week, after being sold off on weak economic data. The pressure is particularly apparent against Euro and Swiss Franc, which are the strongest ones for the week. While the financial markets are clearly in risk-off mode, Dollar is struggling...
Euro is now the strongest one for the week, following the post-ECB rally overnight. Swiss Franc is trailing the common currency as the next strongest, and then Canadian. Dollar tried to rebound overnight on risk-off sentiment. Some progress is made by the greenback but more is needed to prove...
Dollar rebounds broadly following risk-off sentiment as delayed reaction to Fed's hawkish projections overnight. SNB, BoE and ECB met expectations with 50bps rate hike. Euro is strong as ECB maintains hawkish bias, with upward revision in inflation projections. Swiss Franc is the third strongest after SNB indicates the possibility...
Market reactions to the more hawkish than expected Fed projections were relatively muted. Stocks ended just slightly down while there was no buying momentum for Dollar. The greenback is staying as the worst performer for the week, followed by commodity currencies. Euro is leading Sterling and Swiss Franc as...