Sliding dollar hits new lows against euro, yen

The US dollar slipped to fresh lows against a basket of major currencies on Tuesday, as broad weakness gripped the greenback ahead of the Federal Reserve’s meeting minutes. The dollar index, which tracks the dollar … Read more

USD/JPY: Could hawkish Fed force MOF intervention

Speculation surrounding Japan’s intervention in the foreign exchange market has reached fever pitch as the USD/JPY pair surged past the crucial 150 level, triggering anticipation among market participants. However, contrary to expectations, Japanese authorities remained … Read more

Dollar takes breather as month-end flows ensue

The dollar faced a marginal decline against a basket of currencies on Friday, impacted by routine month-end rebalancing flows in the market. However, its robust standing was underscored by recent data reinforcing the solidity of … Read more

Is USD/JPY poised for a break?

The year-long surge in USD/JPY, now standing at an impressive 18% is showing signs of losing steam, with the forex market entering a precarious phase. As the pullbacks within the uptrend dwindle and October’s highs … Read more