The dollar and yen have outperformed today, the former following yesterday’s testimony of new Fed Chairman Powell and the latter after the BoJ trimmed purchases of super long JGBs in a regular QQE operation today. EUR-USD fell to a six-week low of 1.2198, Cable logged a four-session low of 1.3858, and USD-CAD rallied to a two-month high of 1.2779. USD-JPY, meanwhile, ebbed back to the 107.00 level, giving back yesterday’s Powell-induced gains. This left a four-session high at 107.67.
Recent News
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