Monthly Archives: August 2024
Japanese Yen Eases on BoJ Dovish Statement
Written on August 7, 2024 at 5:32 am, by
Market Summary The Japanese Yen eased on Wednesday morning after the BoJ Deputy Governor indicated that the Japanese central bank would not raise interest rates if global markets remained unstable. This statement has calmed the market and unwound concerns about Yen carry trades. Meanwhile, the dollar has regained strength, with the dollar index (DXY) climbingContinue Reading
Japanese Yen Eases on BoJ Dovish Statement
Written on August 7, 2024 at 5:32 am, by
Market Summary The Japanese Yen eased on Wednesday morning after the BoJ Deputy Governor indicated that the Japanese central bank would not raise interest rates if global markets remained unstable. This statement has calmed the market and unwound concerns about Yen carry trades. Meanwhile, the dollar has regained strength, with the dollar index (DXY) climbingContinue Reading
Wall Street Dip With Looming U.S. Recession
Written on August 7, 2024 at 5:21 am, by
Market Summary The financial markets, especially the equity sector, continue to be shattered by recession fears. The U.S. equity fear index, VIX, spiked to 65.70—the highest level since the pandemic in 2020—before quickly retracing to 38. This fear weighed heavily on the equity market, with the Dow Jones closing more than 1000 points lower inContinue Reading
