Banks
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Japanese Yen: Joint intervention signals potential turning point – MUFG
MUFG’s Michael Wan highlights that the Japanese Yen (JPY) has strengthened sharply, with USD/JPY dropping from around 164 after suspected…
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Oil: Prices slide on halted strikes – Commerzbank
Commerzbank’s FX Research team reports that Brent Oil opened over 7% lower under USD84 into the Asian session after President…
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Euro: Rebound eyes key resistance band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang observes EUR/USD rebounded sharply after a dip to 1.1453, with scope to extend gains toward…
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Euro: Supported by growth surprise – Commerzbank
Commerzbank’s Volkmar Baur notes that EUR/USD has broken back above 1.15 for the first time since mid-June as Eurozone Gross…
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Oil: Middle distillate tightness supports prices – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil prices have pulled back, with ICE Brent dropping below $90/bbl…
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Indian Rupee: Flows recovering as Dollar strength caps gains – DBS
DBS Group Research economist Radhika Rao notes India’s onshore markets are being pulled between higher Oil prices and improving capital…
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Bank of England: Dovish hold shapes Pound outlook – UOB
UOB strategists highlight that the Bank of England (BoE) kept its policy rate at 3.75%, with Governor Bailey stressing no…
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Euro: Upside risks after sharp Dollar shift – ING
ING’s Francesco Pesole writes that EUR/USD broke above 1.150 as broad Dollar weakness persisted, even as the Euro underperformed some G10 peers…
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Japanese Yen: Intervention and cautious BoJ stance – Commerzbank
Commerzbank’s Volkmar Baur reports that Japan’s Ministry of Finance intervened in FX markets, with apparent US Treasury support, to address…
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US Dollar: Fed reaction function clouds dollar outlook – MUFG
MUFG’s Derek Halpenny highlights that the Federal Reserve’s decision to leave rates unchanged, and Chair Warsh’s failure to clearly justify the pause,…
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