FXON Market Analysis (September 29 to October 5)

The foreign currency market for the week that ended on October 5th was sensitive to the risk arising from the U.S. federal government shutdown. The USDJPY fell by about three yen from the beginning of the week as the market focused on developments in the budget discussions in the U.S. Senate. Meanwhile, the EURUSD remained almost unchanged, and the GBPUSD saw solid movement.

FXON Market Analysis (September 22 to September 28)

Earlier in the week that ended on September 28th, the foreign exchange market saw minor fluctuations as traders squared their books. Later, strong U.S. economic figures strengthened the dollar against major currencies. The USDJPY rose to just below 150 yen.