Speculative investors’ short Japanese Yen (JPY) positions are close to a record. USDJPY could see bouts of pullbacks if US data continues to point to a soft landing, UBS FX strategists note. Short Yen positions are close to a record “The Japanese Yen jumped as much as 3% against the US Dollar (USD) after the […]
Share: AUD/JPY gains some positive traction on Friday and snaps a three-day losing streak. A positive risk tone undermines the safe-haven JPY and acts as a tailwind for the cross. Hawkish RBA Monetary Policy Statement benefits the Aussie and remains supportive. The lack of follow-through buying warrants caution before positioning for further gains. […]
Share: In a full version of its quarterly outlook report, the Bank of Japan (BoJ) said that “Japan’s core consumer inflation is likely to gradually slow toward year-end.” Additional takeaways Inflation likely to accelerate thereafter, though uncertainty on outlook. Uncertainty on overseas economic outlook very high with risks skewed to downside. Must be […]
