Verbal support and BoJ hike risk cap upside – MUFG

Verbal support and BoJ hike risk cap upside – MUFG

MUFG’s Senior Currency Analyst Lee Hardman notes that the Japanese Yen has been more resilient than other G10 currencies versus the US Dollar, with USD/JPY holding just below 160.00. Verbal intervention from Japanese officials and growing speculation about a possible BoJ rate hike, supported by robust wage gains, are helping to limit further Yen weakness […]

Haven bid challenged by hawkish G10 wall – DBS

Haven bid challenged by hawkish G10 wall – DBS

DBS Group Research economist Philip Weeargues that although risk aversion from the Iran conflict usually supports the Dollar, this time the USD’s haven appeal may prove short-lived. He points to a Fed pause versus G10 rate hikes and pressure on US Treasuries from rising fiscal concerns. The backdrop recalls last year’s credibility hit from Liberation […]

GBP/JPY struggles to sustain gains amid mixed cues, stays below 212.50

GBP/JPY struggles to sustain gains amid mixed cues, stays below 212.50

The GBP/JPY cross attracts some dip-buyers near the 211.85 region during the Asian session on Monday, though it lacks follow-through and remains confined in a range held over the past week or so. Spot prices currently trade just below mid-212.00s, nearly unchanged for the day amid mixed fundamental cues. The British Pound (GBP) is pressured […]