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Softs Report - Friday, May 3
Article By:
Jack Scoville
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Friday, May 3, 2024 2:45 PM EDT
Cotton was lower again yesterday, and trends remain down in the market. Demand remains a problem. The export sales report showed poor sales once again, and demand is not likely to improve with the US dollar stronger.
In this article: CANE
Japanese Yen
Article By:
Brian Romanchuk
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Friday, May 3, 2024 12:30 PM EDT
The decline of the Japanese yen — recently stabilized by a round of intervention — has brought forth the usual “currency crisis” discussion from the usual suspects. I cannot say that I am following Japan closely right now, so I'll make a few points.
In this article: FXY
EUR/JPY Extends Losses To Near 164.50 Amid Japan’s Intervention Fear
Article By:
Akhtar Faruqui
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Friday, May 3, 2024 10:56 AM EDT
EUR/JPY continues to lose ground amid potential market intervention by Japanese authorities. BoJ data showed that Japanese authorities possibly expended approximately ¥6.0 and ¥3.66 trillion on Monday and Wednesday, respectively, to bolster the JPY.
USD/JPY Extends Losses For Third Consecutive Session Towards Crucial Support
Article By:
Filip Lagaart
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Friday, May 3, 2024 6:55 AM EDT
The Japanese Yen is set to lock in a staggering performance for this week against the US Dollar. The Yen has appreciated over 3% following Japan’s intervention to propel the currency and the Fed’s less-hawkish rhetoric.
Is The NFP Cat Out Of The Bag?
Article By:
Stephen Innes
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Friday, May 3, 2024 3:40 AM EDT
The dovish Powell lean is still reverberating across global markets,
FX Daily: Bearish Dollar Momentum Faces Key Payroll Test
Article By:
ING Economics
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Friday, May 3, 2024 3:10 AM EDT
The post-FOMC hawkish repricing of Federal Reserve rate expectations is applying pressure on the dollar, although today’s US jobs figures will be the real pivotal event for FX.
Australian Dollar Gains Ground On Hawkish RBA, Nonfarm Payrolls Awaited
Article By:
Akhtar Faruqui
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Friday, May 3, 2024 12:50 AM EDT
The Australian Dollar continues its winning streak for the third successive session on Friday. The hawkish sentiment surrounding the Reserve Bank of Australia bolsters the strength of the Aussie Dollar, consequently, underpinning the AUD/USD pair.
Asia Week Ahead: China’s Trade Data And An Upcoming RBA Decision Take The Spotlight
Article By:
ING Economics
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Thursday, May 2, 2024 12:20 PM EDT
The coming week features China’s trade data as well as the RBA’s upcoming policy meeting. India also reports industrial production numbers, Taiwan releases inflation, and Indonesia and the Philippines release first-quarter GDP data.
Japanese Yen Commentary - Thursday, May 2
Article By:
James Harte
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Thursday, May 2, 2024 10:32 AM EDT
The US Dollar dropped more than 3% against the Japanese Yen yesterday as the Fed struck a less hawkish tone than many were expecting at the May FOMC.
In this article: FXY
USDJPY Breaks Down: Uptrend Over Or Correction Incoming?
Article By:
ForexCycle
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Thursday, May 2, 2024 9:00 AM EDT
USDJPY’s price action has shifted, raising questions about the future direction of the currency pair. This analysis examines the technical situation and explores potential scenarios.
USDJPY Forex Elliott Wave Technical Analysis
Article By:
Peter Mathers
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Thursday, May 2, 2024 8:38 AM EDT
he USD/JPY Elliott Wave Analysis for the Day Chart examines the market behavior of the U.S. Dollar against the Japanese Yen using Elliott Wave Theory to determine its trend, mode, and structure. Forex Elliott Wave Technical Analysis
USD/JPY Forecast: Yen Surges On Another Possible Intervention
Article By:
Yohay Elam
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Thursday, May 2, 2024 5:31 AM EDT
There is a high chance that Japanese authorities intervened again to support the yen. Powell maintained that the Fed was still looking to cut interest rates. The gap in long-term government bond yields between Japan and the US is 376 basis points.