Author: finadmin

Intervention talk caps gains – BNY

Intervention talk caps gains – BNY

BNY’s Head of Markets Macro Strategy Bob Savage highlights that Japanese authorities are stepping up FX warnings as USD/JPY trades just below 160. Finance Minister Satsuki Katayama signalled readiness to act against volatility linked to Middle East tensions and higher Oil prices, while the weaker Japanese Yen is pushing 10-year JGB yields higher. The Bank […]

USD/INR trades near all-time highs due to higher US Dollar demand

USD/INR trades near all-time highs due to higher US Dollar demand

USD/INR has recovered its daily losses and is trading near an all-time high of 92.90 in the previous session. However, the pair faced challenges as the Indian Rupee (INR) strengthened, with the Reserve Bank of India (RBI) likely selling US Dollars (USD) to support the domestic currency amid rising Oil price concerns, traders told Reuters. […]

AUD/JPY stays weak above 112.50 as JPY gains on intervention fears

AUD/JPY stays weak above 112.50 as JPY gains on intervention fears

The AUD/JPY cross remains on the back foot for the second consecutive day and trades just above mid-112.00s during the Asian session on Friday. Spot prices, however, lack bearish conviction, warranting some caution before positioning for an extension of this week’s modest pullback from the vicinity of the 114.00 mark, or the highest level since […]