JPY Daily Review for August 10, 2017
|Sentiment and market positioning seem to be in a ‘pick your poison’ paradox. The backdrop for speculative appetite reads both as stretched and faulty, a|
|RBNZ kept rates unchanged at 1.75%, and said it expected inflation to rise at a gradual pace. The Reserve bank of New Zealand also went on to say that a weaker kiwi is needed for more balanced growth. The NZD is weaker against both the euro and the USD this morning, after some initial strengthening following the communication.|
|Yen strength has shown as risk aversion has begun to get priced-in after Trump’s ‘fire and fury’ comments, opening the door to a couple of|
|The Dollar has begun to tip-toe higher in ‘DXY’, but is this a legitimate move of USD-strength, or more of an unwind scenario on the|
|The US dollar fell during the day on Thursday, breaking below the bottom of the hammer from Wednesday and even breaking down below what could have been a ver…|
Have a nice trading!