Dollar Extends Slide Against Yen After Fed Minutes: Chart

Our View: USDJPY could extend further depreciation and reach at least the level of 105. When there is uncertainty towards whether Fed will continue to raise rate, dollar will weaken and safe haven asset such as Yen will appreciate on demand. The USDJPY has further broke below another structure...


Dollar Weak Before Jobs Data That’s Not Seen as Fed Game Changer

Summarized Key Points: “Dollar buying momentum isn’t likely to pick up even if the jobs report falls within expectations,” “Signs of higher inflation and wages will be more important. Unless wages hugely exceed expectations, it won’t spark strong dollar buying.” The Fed doesn’t want higher inflation without higher wages....