The trajectory of the USDCNH is a burning question as it approaches the highs witnessed in November 2022.
Recent weeks have seen China's economic robustness wane, and as a result, attempts by its central bank to ease the situation have led to a weakening of the CNH. This dynamic becomes clearer when considering the interest rate differential between China and...
The Japanese yen has posted sharp gains today. USD/JPY is trading at 143.09, down 1.00% on the day.
The yen has taken investors on a roller-coaster ride this week. On Tuesday, the dollar shined, posting broad gains against the majors and climbing 1.19% against the yen. The catalyst for the upswing was the US inflation report, which was higher than expected. The...
The Japanese yen is down sharply for a second straight day. USD/JPY is trading at 144.87 in the North American session, up 1.45% on the day. Later today, Japan releases Final GDP, which is expected to come in at 0.7%, up from the initial GDP estimate of 0.5%.
It's been a disastrous week so far for the yen, as USD/JPY has jumped 3.31% and is quickly closing in on...
