Section
The latest forex coverage from the TrustFinance editorial desk.
BCA Research argues the Japanese yen's fall to a nearly 40-year low is due to inflationary pressures from loose monetary policy, not public debt concerns. The firm expects pressure to continue until late 2026 but advises investors to prepare to buy the currency this winter.
U.S. Treasury Secretary Scott Bessent said Washington will not hesitate to join Japan in further coordinated foreign exchange interventions if the yen experiences more disorderly volatility. The statement follows last week's joint action to halt the currency's slide to a 40-year low.
A 'rate check' is a central bank's method of signaling potential market intervention without actually trading. The tactic has been recently employed by U.S. authorities amid concerns over yen weakness, according to strategists.
Long-term U.S. government bond yields fell on Monday after an announcement of direct negotiations between the U.S. and Iran sent oil prices tumbling, alleviating recent investor concerns about energy-driven inflation.
The U.S. dollar demonstrated notable resilience, holding its ground even after a confirmed joint intervention with Japan to support the yen, putting pressure on the British pound and euro.
The 155 level for the U.S. dollar against the Japanese yen is a critical turning point that could shift market dynamics from 'buy-the-dip' to 'sell-the-rally,' according to a new report from Bank of America.
The South African rand firmed against the dollar on Monday, bucking a trend of negative economic data that showed a significant drop in manufacturing sentiment for July.
The British pound gained against the U.S. dollar as the greenback's recent rally paused, with currency traders shifting their focus to a slate of crucial U.S. labor market reports for clues on Fed policy.
Eurozone government bond yields held steady on Tuesday after a volatile July sell-off, with investors pausing to await key economic data that could influence the European Central Bank's next policy move.
