Japanese Yen Mar '23 (J6H23)
Japanese Yen Futures Market News and Commentary
The dollar index (DXY00) on Wednesday rose by +0.27%.  Wednesday’s better-than-expected US economic news on Mar housing starts and Mar core capital goods new orders supported gains in the dollar.  Also, Wednesday’s +6% jump in crude oil prices increases inflation expectations, a hawkish factor for Fed policy, and a positive factor for the dollar.Â
The dollar raced to its highs on Wednesday afternoon after three FOMC members dissented in favor of no easing bias in the FOMC ‘s decision to keep policy unchanged. Also, hawkish comments from Fed Chair Powell support the dollar, as he said a bit of monetary policy restraint is the right place to be.
Heightened US-Iran tensions are boosting demand for the dollar as a safe-haven. The US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire. The Wall Street Journal reported that President Trump told his aides to prepare for an e... Read more
Wavetraders · Thu Apr 30, 2:20AM CDT
NZDUSD is pushing nicely to the upside since the start of the month, after we identified a completed ending diagonal around 0.5681. From there, we’ve...
Barchart · Wed Apr 29, 2:37PM CDT
The dollar index (DXY00 ) on Wednesday rose by +0.27%. Wednesday’s better-than-expected US economic news on Mar housing starts and Mar core capital...
Barchart · Wed Apr 29, 9:33AM CDT
The dollar index (DXY00 ) today is up by +0.24%. Today's better-than-expected US economic news on Mar housing starts and Mar core capital goods new orders...
Barchart · Tue Apr 28, 2:34PM CDT
The dollar index (DXY00 ) on Tuesday rose by +0.15%. Tuesday's stock slump boosted liquidity demand for the dollar. Also, higher crude oil prices on Tuesday...
Barchart · Tue Apr 28, 11:56AM CDT
With Emirati energy infrastructure taking hits from the Iran war, Treasury Secretary Bessent tries to stave off the ‘petroyuan’ era.
Wavetraders · Tue Apr 28, 9:41AM CDT
USDJPY pulled back to support near 159 after rebounding from April lows and is now stabilizing. The outlook still favors another move higher, with potential...
Barchart · 21 minutes ago
Cognizant has underperformed the broader market over the past year, and analysts remain cautiously optimistic about the stock’s prospects.
Barchart · 26 minutes ago
As Newmont has notably outperformed the broader market over the past year, Wall Street analysts maintain a highly optimistic outlook about the stock’s...
Barchart · 27 minutes ago
JPMorgan Chase has lagged the broader market over the past year, though analysts maintain a cautiously optimistic outlook on its forward performance.
Barchart · 31 minutes ago
Realty Income has lagged the broader S&P 500 Index over the past year, and Wall Street are maintaining a cautious outlook on its forward performance.
Barchart · 33 minutes ago
While Apollo Global has trailed the broader market over the past year, analysts are fairly upbeat about its future outlook.
Barchart · 39 minutes ago
Although Devon Energy has outpaced the broader market over the past year, analysts remain highly bullish about its long-term prospects.
Barchart · 43 minutes ago
While Mondelez International has lagged the broader market over the past year, analysts maintain a cautiously constructive outlook on its forward performance....
Barchart · 48 minutes ago
The UAE’s decision to exit OPEC/OPEC+ has injected new uncertainty into oil markets and pushed crude prices above $100 per barrel. Low-cost Permian operator...
