We had the minutes of the Bank of Japan July meeting earlier, confirming board members want to continue along the rate hike path, albeit at a measured pace.
JPY found some bids, with useyn dipping to lows around 144.45.
Since then its bounced back, highs have been around 144.94.
The USD surged on Wednesday:
It may not be done yet:
This article was written by Eamonn Sheridan at www.forexlive.com.
Related Articles
Canada GDP for July 0.2% versus 0.1% expected
Prior month 0.0%Real GDP increased by 0.2% in July, following no change...
China cuts borrowing cost of standing lending facility by 20 bps
The PBOC continues to deliver on easing.The SLF cuts are to the...
US wholesale inventories advanced for August 0.2% versus 0.3%
Prior month 0.3%Wholesale inventories for August 2024 were $905.7 billion, up 0.2%...
US Advanced goods trade balance for August $-94.26 billion vs. -100.60B estimate
Prior month -102.6BInternational trade deficit in August: $94.3 billion (down $8.6 billion...
Leave a comment