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Nikkei expected to open 1% higher
Japanese markets will open in around 15 minutes. The Nikkei should benefit from the overseas leads and the weaker JPY against the greenback. There was talk during the NY session of possible option protection ahead of 99.00 in USD/JPY but I have heard no confirmation of this as of...
USD/JPY retrenching; Exporters seen selling rallies
Japanese exporters have returned to the stage in USD/JPY for the first time in a while. They have offers from 98.80 up through 99.00, traders report. Mid-East accounts were rumored buyers in early US trade but ran into signficant offers in the 99.80/85 region. Given Japan’s rapidly...
USD Gaining on Multiple Fronts
Source: ForexYard The USD is experiencing renewed strength against the euro and the Japanese yen. Clearly, the uncertainty surrounding the euro...
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Central Bank of Chile Maintains Policy Rate at 5.25%
The Banco Central de Chile held its monetary policy interest rate unchanged at 5.25%. The Bank noted: “Domestically,...