Intervention credibility questioned – BNY

Intervention credibility questioned – BNY

BNY’s Geoff Yu and David Tam highlight that USD/JPY is grinding higher again after Japan’s recent intervention, with the Japanese Yen (JPY) having already surrendered much of its gains. They argue that a break above 160 would intensify pressure on authorities to adjust policy if a stronger Yen is truly desired, warning that failure to […]

New Zealand Dollar slips as USD firms on Mideast risks, Fed hike bets

New Zealand Dollar slips as USD firms on Mideast risks, Fed hike bets

The NZD/USD pair is seen extending Friday’s late pullback from the vicinity of the monthly peak – levels just above the 0.5900 mark – and drifting lower at the start of a new week. Spot prices, however, remain confined in a familiar range held over the past week or so and currently trade around the […]

Hormuz tensions escalate as unconfirmed missile attack amid fragile US-Iran talks

Hormuz tensions escalate as unconfirmed missile attack amid fragile US-Iran talks

The ongoing US-Iran conflict has entered a crucial diplomatic phase, with intense fighting and strategic pressure around the vital Strait of Hormuz continuing to drive the dynamic of the war. Iranian officials stated on Sunday that Oman-mediated negotiations on the strait’s management are making progress. However, Tehran maintains that commercial shipping will not fully resume […]