AUD/JPY drops after Australia’s November trade numbers disappoint AUD bulls. Risks rise following the drama on Capitol Hill, Democrats are set to rule the US Senate. Virus woes gain momentum, ire against China seems mostly ignored. Japanese PM Suga’s speech, risk catalysts will be the key amid a light calendar ahead of the US session....
Author: FX Street
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Jan 6, 23:42Jan 7, 3:58by FX Street
USD/JPY: Seesaws near 103.00 even as risks recover after Capitol Hill drama
USD/JPY struggles to keep Wednesday’s bounce off March 2020 levels. US officials declared Capitol building as secured, policymakers are determined over Electoral College vote. Virus woes, updates on national emergency awaited but US politics remain the key. USD/JPY takes rounds to 103.00 as markets in Tokyo open for Thursday’s trading. The yen pair refreshed 10...
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Jan 6, 18:07Jan 7, 0:00by FX Street
FOMC Minutes: Increased challenges for economy in coming months due to COVID-19 surge
Minutes of the FOMC’s December 15-16 meeting showed on Wednesday showed that policymakers judged it was appropriate to continue asset purchases at least at the current pace. Market reaction The US Dollar Index largely ignored this statement and was last seen gaining 0.08% on the day at 89.50. Key takeaways as summarized by Reuters “Participants...