Overall, the forex markets are very cautious for now, awaiting the key events of the week, including Eurozone CPI flash today and US non-farm payrolls on Friday. There is no breakthrough in the unrest in China, with reports of escalation in protests in manufacturing center of Guangzhou. Yen and Dollar are now the stronger ones
Month: December 2022
USD/JPY takes offers to refresh 14-week low during four-day downtrend. BOJ’s Noguchi teases pre-emptive withdrawal of stimulus to propel JPY of late. Fed’s Powell, US Treasury Secretary Yellen favored hopes of smaller rate hikes. USD/JPY stands on slippery grounds, extending the previous south-run towards the lowest levels since late August after Bank of Japan (BOJ)