USD/JPY broke 115 before non-farm payroll, but crashed back below on profit taking. Will Fed rate hike this week push USD/JPY above 115 again?
To get a grasp of the evolving nature of Forex in Asia, it is pertinent that we look through the history lens and understand what got us here in the first place.
USD/JPY popped beyond 114, as traders priced in almost a “firm deal” on Federal Reserve rate hike in March. Will USD/JPY go beyond 115?
Once again, market has proven to be irrational. Fed Chair Janet Yellen’s hawkish comments and positive US data failed to inspire the dollar bull. USD/JPY ended last week below 113.
Most of us have heard of the term "Mentor."
Our first impression of a "Mentor" is usually that of a successful individual who has "been there, done that."
Non-farm payroll came in much stronger than expected, but wage growth and unemployment rate disappointed. Where will USD/JPY be heading?
Editor’s Note: This post was originally published on January 27, 2017, and has been updated for comprehensiveness.
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