Forex Trading

Fx Rate Updates

USD/JPY Stays Strong Near Nine-Month Peaks

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The Japanese Yen is under pressure against the US Dollar on Wednesday, with the exchange rate trading near nine-month highs at approximately 154.64, despite a generally weaker Greenback. The Yen is facing challenges as a result of Japan’s expansionary fiscal policy and the Bank of Japan’s cautious strategy regarding the normalization of monetary policy, both … Read more

FX Rate Updates

EUR/USD Steady Near 1.16 Ahead of ECB Decision

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The EUR/USD was positioned near the 1.16 level prior to the ECB rate decision, experiencing a slight rebound after the Fed’s somewhat hawkish press conference yesterday, during which Powell emphasized that another cut is not assured. However, risk appetite continues to be largely supported, despite a slight pullback in European markets this morning ahead of … Read more