The BoJ just hiked to 1.0%. Why is the Japanese Yen still falling?

The BoJ just hiked to 1.0%. Why is the Japanese Yen still falling?

The Japanese Yen (JPY) remains under pressure despite the Bank of Japan’s latest rate hike, with analysts highlighting that the move has not been enough to trigger a sustained  recovery for the Japanese currency. Societe Generale sees short USD/JPY as attractive if the Federal Reserve delivers a dovish outcome, while OCBC argues that the BoJ’s […]

Indian Rupee remains flat as traders await Fed policy decision

Indian Rupee remains flat as traders await Fed policy decision

The Indian Rupee (INR) flattens after two days of gains against the US Dollar (USD) on Wednesday. However, the upside of the USD/INR pair could be capped in the near term as downward pressure on the Indian Rupee eases, supported by declining global oil prices. Following recent policy interventions by the Reserve Bank of India […]

Euro holds positive bias above 1.1600 as bulls eye Fed decision

Euro holds positive bias above 1.1600 as bulls eye Fed decision

The EUR/USD pair trades with a positive bias for the third straight day and holds steady above the 1.1600 mark through the Asian session on Wednesday. Bulls, however, seem hesitant and opt to wait for the outcome of a two-day FOMC policy meeting before positioning for an extension of the recent goodish recovery from the […]