In the markets, soaring oil prices translate into bad news for the currencies of energy-importing economies.
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A new technical analysis of the Dollar to Yen exchange rate charts suggests the recent rally is just getting started.
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Dollar-yen closed Tuesday above the 147 mark for the first time since November, prompting a strong intervention warning from Japan’s vice minister of finance for international affairs, Masato Kanda…
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The dollar shines and the Japanese yen slides as U.S. bond yields power higher writes Marios Hadjikyriacos, Senior Investment Analyst at XM.com.
Read more … →For the Yen, the tweak appears to have caused some confusion in the markets as it’s unclear if policymakers are targeting specific levels or ranges within the ±100-bps band around 0%.
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