Japanese Yen Jun '24 (J6M24)
Japanese Yen Futures Market News and Commentary
The dollar index (DXY00) fell to a 7-week low on Monday and finished down by -0.02%. The dollar moved lower on Monday as easing geopolitical tensions in the Middle East boosted stocks and reduced safe-haven demand for the dollar. Also, Monday's -5% fall in WTI crude oil prices lowered inflation expectations and could prompt the Fed to loosen monetary policy, a negative factor for the dollar.
The dollar recovered nearly all of its losses on Monday on signs of US economic strength after the July ISM manufacturing index rose more than expected to a 4-year high.
Dovish comments on Monday from New York Fed President John Williams were negative for the dollar, as he said interest rates remain well positioned and inflation should ease during the second half of the year.
The US July ISM manufacturing index rose +2.3 to 55.6, stronger than expectations of 53.9 and the fastest pace of expansion in four years.
US June construction spending unexpectedly fell -0.1% m/... Read more
Barchart · Mon Aug 3, 2:38PM CDT
The dollar index (DXY00 ) fell to a 7-week low on Monday and finished down by -0.02%. The dollar moved lower on Monday as easing geopolitical tensions...
Barchart · Mon Aug 3, 9:33AM CDT
The dollar index (DXY00 ) fell to a 7-week low today and is down by -0.10%. Easing geopolitical tensions in the Middle East are boosting stocks and reducing...
Barchart · Mon Aug 3, 9:30AM CDT
Behind the joint yen rescue operation, from FIMA to euros, and what it means for the Treasury market, the carry trade, and more.
Barchart · Mon Aug 3, 9:22AM CDT
December Australian dollar futures present a buying opportunity on more price strength.
Barchart · Mon Aug 3, 7:16AM CDT
It was another Monday morning of more of the same, with a little spice added in, just to change things up a bit.
Wavetraders · Mon Aug 3, 5:04AM CDT
USDJPY has reversed aggressively from the 164 area, breaking key technical supports and signaling that a larger trend change may be underway. While a short-term...
Barchart · 5 minutes ago
EU says Apple acquired PlasmaSolve via a subsidiary in April. Here’s how the acquisition fits in AAPL’s broader manufacturing strategy.
Barchart · 5 minutes ago
December soft red winter wheat futures present a selling opportunity on more price weakness.
Barchart · 12 minutes ago
The S&P 500 Index ($SPX ) (SPY ) today is up +0.73%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ...
Barchart · 19 minutes ago
Based on an inductive analysis of past analogs, META stock may present a bullish opportunity for intrepid speculators.
Barchart · 24 minutes ago
Although U.S. Bancorp has outperformed the broader market over the past year, Wall Street analysts maintain a cautiously optimistic outlook about the stock’s...
Barchart · 58 minutes ago
Apple beat earnings, but a disappointing Services performance sparked a sharp sell-off and led investors to question the company’s biggest growth engine....
Barchart · 1 hour ago
Reddit generated a strong Q2 FCF margin (32.4%) and a trailing 12-month (TTM) margin of 36.7%. So why did RDDT stock tumble 20% on Friday? On Monday, RDDT...
Barchart · 1 hour ago
Mercury Systems partners with Palantir to speed up defense production and modernize supply chains.