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The dollar maintained a slightly softer tone. USD-JPY losses stood out in Asia as Japanese policy makers ruled out a corporate tax cut due to its lack of effectiveness. GBP posted the best moves in Europe as U.K. retail sales surged in July, which lifted Cable to the 1.5600 region. Read more
The dollar maintained a slightly softer tone after it eased in N.Y. trade on Wednesday, as very tame PPI data took Treasury yields a bit lower. USD-JPY losses stood out in Asia as summer doldrums kept its grip on markets. The dollar pairing fell to 97.70 as Japanese policy makers ruled out a corporate tax cut. Read more
After picking up some ground overnight, the dollar eased back in N.Y. trade on Wednesday, as very tame PPI data took Treasury yields a bit lower, denting USD sentiment in the process. Overall though, FX ranges were relatively tight, as the summer doldrums kept its grip on markets. Read more
The dollar maintained a steady to firmer tone. A late rally in the Nikkei provided a lift to USD-JPY from 98.00 to 98.40 in early Europe before exporter offers set in, although it held on to the majority of these gains ahead of the N.Y. open. The CHF continued to experience leverage fund selling. Read more
The G10 FX experienced a holding pattern in quiet trade. Only JPY posted a very modest move higher as the Nikkei experienced profit taking, which left USD-JPY close to 98.00 from the 98.30 area. EUR traded near 1.3250 following Tuesday's downturn amid a broadly firmer dollar tone as U.S. Read more
The dollar firmed up in N.Y. trade on Tuesday, helped by a stronger ex-autos retail sales outcome, and tame import prices. Equities started out under water, though later recovered on Fed's Lockhart remarks, which seemed to be equivocating a bit more over a September taper, while Treasury yields ticked higher as well. Read more
The dollar held on to a steady to firmer tone throughout the session. The upturn was compounded by a move higher in U.S. yields and USD-JPY firmness. JPY keyed off a 2.43% rally via the Nikkei 225 as the Japanese press tipped a corporate tax cut and led the move from 97.00 to 98.00. Read more
The dollar traded at firmer levels, with price action supported by a move higher in U.S. Treasury yields. USD-JPY moved into the 97.50 area on a rise in risk appetite amid reports that PM Abe is considering a corporate tax cut, while there were more suggestions that he could also delay the sales tax hike. Read more
FX Trade was very quiet in N.Y. on Monday, leaving major dollar pairings inside of narrow ranges. A lack of data kept interest muted as well. Treasuries were a bit higher, while Wall Street recovered some from its worst levels. EUR-USD managed a 1.3277 to 1.3312 trading band, as USD-JPY idled inside of 96.90 to 96.40. Read more
The European morning was fairly quiet and typical of thin summer markets. The dollar was higher overall, largely as a consequence of specific flows rather than a fundamental trigger. Demand for USD-JPY was evident as importers put a floor in place under 96.00 in Asia and it extended up through 96.50 in Europe to 96.85. Read more
