Japanese Yen Futures Market News and Commentary
The dollar index (DXY00) on Tuesday fell -0.085 (-0.09%). EUR/USD (^EURUSD) rose +0.0001 (+0.01%). USD/JPY (^USDJPY) fell -0.21 (-0.19%). The dollar index on Tuesday posted modest losses. A rebound in stocks on Tuesday from Monday’s rout curbed the liquidity demand for the dollar. Tuesday’s stronger than expected U.S. housing data for August was supportive for the dollar.
EUR/USD (^EURUSD) on Tuesday was little changed. Gains in EUR/USD were limited Tuesday by inflation comments from ECB Vice President Guindos suggesting he may favor maintaining current ECB stimulus measure when he said underlying inflation in the Eurozone is clearly below the ECB's target.
USD/JPY (^USDJPY) on Tuesday posted moderate losses and fell to a 4-session low. The yen strengthened Tuesday on the outlook for the BOJ to stand pat on interest rates and asset purchases when it concludes its 2-day policy meeting on Wednesday. The BOJ is seen staying on hold as a new Japanese prime minister... Read more