Market analysis

Foreign exchange markets in the week that ended on November 17 featured a strong dollar. In particular, the market focused on the policies proposed by President-elect Donald Trump. In addition, U.S. long-term interest rates were increased. As a result, the dollar strengthened further against other major currencies.

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FXON Market Analysis (November 4 to November 10)

In the trading week that ended on November 10th, the U.S. presidential election and the FOMC's policy interest rate decision led to sharp fluctuations, especially in USDJPY. However, by the end of the week, the market regained calmness with some profit-taking.

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FXON Market Analysis (October 28 to November 3)

In the trading week that ended on November 3, the outcome of the House of Representatives election in Japan and financial events in the U.S. and Japan created market volatility. While political risk dominated in the first half of the week, economic indicators influenced the market in the latter half of the week.

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FXON Market Analysis (October 21 to October 27)

In the trading week ended October 27, the dollar strengthened and the yen weakened in the foreign exchange market, with the USDJPY briefly jumping from below 150 to reach as far as above 153 yen at the beginning of the week.

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FXON Market Analysis (October 14 to October 20)

The trading week ended October 20 was one of general favorability toward dollar strength. In particular, the market recognized strength in the U.S. economy, including from September retail sales exceeding expectations, and expectations on a significant rate cut by U.S. monetary authorities receded.

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FXON Market Analysis (October 7 to October 13)

In the most recent trading week ended October 13, the dollar continued its bull run on the foreign exchange market partly due to expectations on U.S. monetary policy, despite more smoke than fire in the government's policies.

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FXON Market Analysis (September 30 to October 6)

In the currency exchange markets during the trading week ended October 6, the dollar strengthened against the yen, with the USDJPY rising sharply from above 141 to as far as above 149.

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FXON Market Analysis (September 23 to September 29)

Currency markets in the week ended September 29 were marked by a range-bound USDJPY that was mostly directionless until mid-week, then volatility set in due to the events and outcome of Japan's ruling party presidential election on Friday.

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FXON Market Analysis (September 16 to September 22)

As the central banks in the U.S., U.K. and Japan announced their monetary policies last week, the foreign exchange markets, especially the USDJPY, showed momentum. In particular, the FOMC's announcement of a 0.50% interest rate cut led to a temporary sell-off in the USD.

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FXON Market Analysis (September 9 to September 15)

The trading week ended September 15 was largely aimless when it came to currency markets, highlighted by jittery dollar swings with a slight depreciative bias.

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FXON Market Analysis (September 2 to September 8)

In the trading week ended September 8th, currency markets saw rapid dollar sell-offs following tepid results in the U.S. jobs report for August. Weakness in the U.S. labor market was highlighted by lower-than-expected nonfarm payrolls (NFP) and downward revisions to June and July data.

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FXON Market Analysis (August 26 to September 1)

In the trading week ended September 1, the weakening trend of the dollar paused, and dollar buying regained momentum.

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FXON Market Analysis (August 19 to August 25)

Currency markets in the trading week ended August 25th saw the dollar weaken against the yen, with the USDJPY oscillating as it tracked a downward path.

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FXON Market Analysis (August 12 to August 18)

In the trading week ended August 18, yen bears were the predominant force, the markets were primarily moved by economic indicators out of the United States.

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FXON Market Analysis (August 5 to August 11)

In the trading week ended August 11, the USDJPY pair demonstrated dramatic price fluctuations.

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FXON Market Analysis (July 29 to August 4)

In the week ended August 4, yen bulls gained momentum to push the USDJPY sharply down to hit new lows. At the Bank of Japan's monetary policy meeting on Wednesday, July 31, the policy rate was raised to 0.25% and the BOJ announced a plan to reduce future government bond purchases, as had been expected beforehand.

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The currency exchange trading week ended July 28 was marked by a clear momentum toward an appreciating yen. This was evidenced by the USDJPY falling below 152, and the yen crosses, such as the EURJPY and GBPJPY, also moving into a state of general decline.

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Currency markets in the week ended July 21 were notable in the relative weakness of the dollar, with the USDJPY temporarily falling below 156. Let's review the market movements through the week.

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In the week ended July 14, the biggest highlight was by far the crashes from Thursday's release of the U.S. Consumer Price Index (CPI). The USDJPY, and other yen crosses, went into general collapse. With the weaker dollar, the EURUSD and GBPUSD also marked fresh highs.

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During the week ended July 7, currency trades were marked by fresh highs: the USDJPY hit a 37-year high of 161.95 mid-week, while the EURUSD and GBPUSD also reached highs at about the same time. However, the USDJPY would then fall from that high, with the EURUSD and GBPUSD entering a nearly unbroken bullish streak to finish the week.

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Market analysis

Market analysis

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