Sunday, 16 October 2022

Japanese Yen on the Ropes Against US Dollar as Intervention Lurks. Where to for USD/JPY?

The Japanese Yen continues to lose ground against the US Dollar to start the week as the market contemplates Japanese officials’ comments amid a hawkish Fed. Higher USD/JPY?

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...