fxnet analysis

The Australian dollar was the main mover in Monday’s Asian session as a result of data from China, which is Australia’s main trading partner. Manufacturing PMI data from the world’s second largest economy showed that expansion in the manufacturing sector was steady at an 18-month high and...

The yen was supported by safe haven demand today after the release of a slightly dovish Bank of Japan policy meeting minutes. The minute from last week’s meeting showed some concern about Japan’s economic outlook and whether the central bank’s 2% inflation target could be met. Meanwhile, soft...

The US dollar is broadly stronger against its major G10 counterparts on Monday while the yen remains weak as a result of a sell-off due to outflows from safe havens like itself. The more risk-on market sentiment today was boosted by a deal reached over the weekend to curtail Iran’s nuclear...

The dollar remains bullish against the yen, while the euro hit a new four-year high against the Japanese currency in today’s Asian session. Bank of Japan Governor Kuroda kept markets speculation that the yen will weaken over time as the BOJ continues with its aggressive monetary easing policy...

USDJPY was driven to a new four-month high of 100.92 yen by mid-European session trading, its highest since July 10. EURJPY also rose, peaking at 135.87 yen, just below a four-year high hit yesterday. The dollar was boosted by Wednesday’s Fed minutes which were upbeat on the US economy and...

The yen dropped to its weakest level in four months versus the broadly stronger US dollar in today’s Asian session. USDJPY hit a session high of 100.80 yen and ended the session with a 0.6% gain at 100.70 yen. The diverging monetary policies between the Bank of Japan and the Fed are...