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Japanese Yen surges on suspected intervention, EUR/JPY tumbles 400 pips in minutes
EUR/JPY plunges on Thursday, down 2.26% on the day to trade around 183.10 at the time of writing, after a sudden surge in the Japanese Yen (JPY) triggered by what appears to be another intervention by Japanese authorities in the foreign exchange market.
Fxstreet
Thu, Jul 30
Euro climbs to six-week high as suspected Japanese intervention pressures Greenback
EUR/USD extends its gains on Thursday as the Greenback remains under pressure as traders digest a busy batch of US economic data after the Federal Reserve (Fed) left interest rates unchanged at 3.50%-3.75% on Wednesday.
Fxstreet
Thu, Jul 30
Japanese Yen gains the upper hand after US GDP miss, BoJ eyed
USD/JPY trades around 162.90 at the time of writing on Thursday, down 0.31% on the day, as the US Dollar (USD) comes under pressure following the Federal Reserve (Fed) meeting on Wednesday and a series of weaker-than-expected United States (US) economic data released earlier in the day, ahead of the
Fxstreet
Thu, Jul 30
Turkish Lira: Bank stress heightens TRY vulnerability – Commerzbank
Tatha Ghose at Commerzbank flags Fitch’s latest review of Turkish banks as another negative signal for the Lira. Profitability has weakened after regulatory changes on FX risk-weighted assets, with capital ratios lower and margins squeezed by prior rate cuts and high costs.
Fxstreet
Thu, Jul 30
British Pound: Rally against EUR and USD unlikely to last – TD Securities
TD Securities FX strategist Howard Du highlights that GBP/USD initially rose 0.3% on the hawkish 6-3 BoE vote split, with Mann joining the hike camp. However, the rest of the committee appears comfortable holding rates given limited second-round effects.
Australian Dollar: RBA sees inflation still above target – BNY
BNY’s Geoff Yu reports that Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter described Australia’s Consumer Price Index (CPI) as slightly softer than expected, mainly due to fuel prices, but stressed inflation remains above the 2–3% band.
Fxstreet
Thu, Jul 30
British Pound steadies against Euro as BoE leaves interest rate unchanged
EUR/GBP trades almost flat on Thursday, hovering close to its highest level in nearly a month as the British Pound (GBP) modestly outperforms the Euro (EUR) following the Bank of England’s (BoE) monetary policy decision.Fxstreet
Thu, Jul 30
British Pound drops against its peers after BoE’s monetary policy decision
The British Pound (GBP) drops against its major currency peers after the Bank of England’s (BoE) monetary policy decision. The GBP/USD pair edges lower from its intraday high of 1.3405 to near 1.3380; however, the initial reaction from the pair was slightly positive.Fxstreet
Thu, Jul 30
British Pound: BoE policy seen on extended hold – Societe Generale
Societe Generale strategists analyzes- the Bank of England’s (BoE) upcoming meeting, expecting Bank Rate to remain at 3.75% with some hawkish dissent. They note easing inflation expectations and a loosening labour market, but also higher energy prices and government income support.Fxstreet
Thu, Jul 30
British Pound: Fiscal concerns may weigh on Sterling – Rabobank
Rabobank Senior FX Strategist Jane Foley discusses GBP/USD following the latest Federal Reserve (Fed) decision and ahead of the Bank of England (BoE) meeting. She expects GBP/USD to trade around 1.32–1.33 over the next one to three months.Fxstreet
Thu, Jul 30
Japanese Yen: BoJ tone could lift JPY against US Dollar – Commerzbank
Commerzbank’s Volkmar Baur expects the Bank of Japan to keep its overnight call rate unchanged, as fully priced by markets. The focus is on guidance, with inflation around 2% and leading indicators pointing higher.Fxstreet
Thu, Jul 30
Eurozone GDP returns to growth in Q2, rises strongly by 0.4%
According to Eurostat, Eurozone Gross Domestic Product (GDP) growth turns positive in the second quarter this year after declining 0.2% in the previous quarter. The GDP growth arrives at 0.4%, faster than estimates of 0.2%.Fxstreet
Thu, Jul 30
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