Japanese Yen stays under pressure as USD/JPY eases from 40-year peak

Japanese Yen stays under pressure as USD/JPY eases from 40-year peak

USD/JPY edges lower on Friday, trading around 163.70, down 0.09% on the day at the time of writing, after hitting a fresh near 40-year high on Thursday. Investors are trimming some long positions amid the risk of intervention from Japanese authorities in the foreign exchange market, though the broader fundamental backdrop continues to favor the […]

Higher rates to stabilise regional currencies – ING

Higher rates to stabilise regional currencies – ING

ING’s Frantisek Taborsky reports that surging Oil and gas prices triggered a sharp hawkish repricing of policy paths in Poland, the Czech Republic and Hungary, taking implied tightening back to stressed March–April peaks. While ING’s economists keep their rate forecasts unchanged, they see higher market rates offering some protection and helping stabilise CEE FX despite […]